Late Fees for GSTR 1 waived if you file your GSTR1 upto 10.01.2020

GST Notification No 74 2019 Central Tax dated, 26th December, 2019 deemed to have come into force with effect from the 19th day of December, 2019

This notification amends Notification No 4 2018 Central Tax dated 23rd January, 2018.

What the Notification Says

Late fee payable on GSTR1 under section 47 of the CGST Act shall stand waived for the registered persons who failed to furnish the details of outward supplies in FORM GSTR 1 for the months/quarters from July, 2017 to November, 2019 by the due date but furnishes the same in FORM GSTR 1 between the period from 19th December 2019 to 10th January 2020.

Late Fees for GSTR 1 waived if you file your GSTR1 upto 10.01.2020

What is the Late fees to be levied on GSTR1

As per the Notification No. 4/2018 Central Tax ( read with corresponding SGST notifications) Late fees leviable will be:

• Rs. 50/ per day
• Rs. 20/ per day , where there are no outward supplies in any month/ quarter

subject to a maximum amount of Ten thousand rupees

Now all taxpayers who file their pending GSTR 1 by 10th January, 2020 have been given waiver of the late fees.

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Tags : GST, GSTR-1 Late Fees