Late Fees on GSTR 1 to be applicable from December 2019

As a one-time measure to enable taxpayers to clear the backlog of all GSTR-1 which have not been filed from July 2017 to Nov 2019, a late fee waiver till 10.01.2020 (vide NN 74/2019 dt. 26.12.2019) has been provided.

After 10.01.2020 Late Fees on GSTR 1 to be applicable from December 2019 amounting to Rs. 50 per day for non-filing of GSTR-1 up to a maximum of Rs. 10,000 per statement will be levied as per existing provisions. Therefore, the taxpayers are requested to clear any backlog with respect to GSTR-1 by 10.01.2020.

https://twitter.com/cbic_india/status/1210485913563779072s=20

Further, the Government plans to take a number of steps if the pending GSTR-1 are not filed by 10.01.2020 such as blocking of E-way bill, etc.

Also, it is beneficial for the recipients to encourage their suppliers to file their GSTR-1 in time as it is important that the credit taken by the recipients in their GSTR-3B matches with the details auto-populated in their GSTR-2A.

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Tags : GST, GSTR-1 Late Fees