WAIVER OF LATE FEE FOR AUGUST AND
SEPTEMBER 2017 ON FILING OF GSTR-3B RETURN
The Goods and Services Tax Act,
2017 came into force in India with effect from 1.7.2017.
Taxpayers who filed their GSTR-3B
returns belatedly for the month of August 2017 and September 2017 has to pay
Rs.200.00 per day as late fee and most of the taxpayers has paid late fee for
belated submission of GSTR-3B returns.
The Honourable Union Minister of Finance and Corporate Affairs,
Government of India has tweeted (https://twitter.com/arunjaitley?lang=en)
that to
facilitate taxpayers, late fee on filing of GSTR-3B for August and September
has been waived. Late fee paid will be
credited back to taxpayer ledger.
To view the Hon'ble Union Finance and Corporate Affiars Minister’s
tweet click the link given below:
https://twitter.com/arunjaitley?lang=en
https://twitter.com/askGST_GoI?lang=en
The Press Release issued by the Government of India is given below for ready reference:
https://twitter.com/askGST_GoI?lang=en
The Press Release issued by the Government of India is given below for ready reference:
Press Release
24th October, 2017
Waiver of late fee on filing of GSTR-3B for August
and September,
2017
In view of the difficulties being faced during
the
return filing process and in order to further
facilitate taxpayers, the competent authority has decided to waive the late fee on filing of GSTR-3B for the months of August and September, 2017. The necessary software changes are being
carried
out in the IT system.
Electronic
cash ledger of the taxpayers who have already
paid the late fee on filing of GSTR-3B
either for the month of August or September, 2017 or those who pay such fee before the necessary
changes are carried out in the IT system will be credited with the amount of late fee so
paid by them. The enabling notifications are being issued shortly.
The Central Government's relevant Notification is given below for ready reference.
The Central Government's relevant Notification is given below for ready reference.
[To be published in
the Gazette of India, Extraordinary, Part II, Section 3, Sub-section
(i)]
Government of India Ministry of
Finance Department of
Revenue
Central Board of Excise and Customs
Notification No. 50/2017 – Central Tax
New Delhi, the 24th October, 2017
G.S.R. (E):- In exercise of the powers
conferred by section
128 of the Central Goods and Services
Tax Act, 2017 (12 of 2017),
the Central Government, on the recommendations of
the
Council, hereby waives the late fee payable under section
47 of the said Act, for all registered persons who failed to furnish the return in FORM GSTR-3B for the months of August and September, 2017 by the due date.
[F. No. 349/74/2017-GST(Pt.)]
(Dr.Sreeparvathy S.L.) Under Secretary to the Government
of India
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