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Govt waives late fine for GST returns between July -2017- Sep-2018


Govt waives late fine for GST returns between July -2017- Sep-2018

Giving effect to the decision of the GST Council in its December 22 meeting, CBIC has notified waiver of late fees for non filing of GSTR-3B, GSTR-1 and GSTR-4 and non-payment of taxes between July 2017 and September 2018

On the New Year Evening Government issued three Separate Notification were issued by the Government on 31-December-2018 waiving late filling fees for the late filling of Returns by regular dealer and Composite dealer.

Last Date for filling the due return set by government is 31-st-March-2018

 1) Notification No. 75/2018 – Central Tax                     
New Delhi, the 31st December, 2018 
LATE FEES WAIVER FOR GSTR-1

  “Provided further that the amount of late fee payable under section 47 of the said 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 September, 2018 by the due date but furnishes the said details in FORM GSTR-1 between the period from 22nd December, 2018 to 31st March, 2019.”.

2) Notification No. 76/2018 – Central Tax                      New Delhi, the 31st December, 2018

LATE FEES WAIVER FOR GSTR-3B
¢hereby waives the amount of late fee payable by any registered person for failure to furnish the return in FORM GSTR-3B for the month of July, 2017 onwards by the due date under section 47 of the said Act, which is in excess of an amount of twenty-five rupees for every day during which such failure continues:
¢Provided that where the total amount of central tax payable in the said return is nil, the amount of late fee payable by such registered person for failure to furnish the said return for the month of July, 2017 onwards by the due date under section 47 of the said Act shall stand waived to the extent which is in excess of an amount of ten rupees for every day during which such failure continues:
¢Provided further that the amount of late fee payable under section 47 of the said Act shall stand waived for the registered persons who failed to furnish the return in FORM GSTR-3B for the months of July, 2017 to September, 2018 by the due date but furnishes the said return between the period from 22nd December, 2018 to 31st March, 2019. 
3) Notification No. 77/2018 – Central Tax

New Delhi, the 31st December, 2018
       LATE FEES WAIVER FOR GSTR-4
¢ “Provided further the amount of late fee payable under section 47 of the said Act shall stand waived for the registered persons who failed to furnish the return in FORM GSTR-4 for the quarters from July, 2017 to September, 2018 by the due date but furnishes the said return between the period from 22nd December, 2018 to 31st March, 2019.”. 

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With Regards,
Cma Gaurav Kumar
IPLAP
www.iplap.in



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