Waiver of the amount of late fee payable by any registered person for failure to furnish the return in FORM GSTR-3B for the month of October, 2017 onwards by the due date
The
Goods and Services Tax Act, 2017 came into force in India with effect from
1.7.2017.
During
the months of July 2017, August 2017 and September 2017 late fee of Rs.200.00
per day (CGST Rs.100.00 + SGST Rs.100 = Rs. 200.00) was levied and collected
automatically the GST Portal for delay in filing of FORM GSTR-3B. The Central Government has waived the late
fee payable for all registered persons who failed to furnish the return in FORM
GSTR-3B for the months of July, August and September, 2017 by due dates.
The
Central Government has now issued notification that waiver of amount of late fee payable by any registered
person for failure to
furnish the return in FORM GSTR-3B for the month of October, 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 October, 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.
In
simple belated submission of FORM GSTR-3B will attract late fee of Rs. 25.00
per day for CGST Act and Rs.25.00 per day for SGST Act for tax due returns and
Rs. 20.00 per day for CGST Act and Rs. 20.00 per day for SGST Act for NIL
returns from October 2017 onwards.
The
relevant Central Government 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.
64/2017 – Central Tax
New Delhi,
the 15th November,
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) (hereafter
in this notification referred to as the said Act), the Central Government, on the recommendations of the Council, 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 October, 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 October, 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.
[F.
No. 349/58/2017-GST(Pt)]
(Dr.Sreeparvathy S.L.) Under
Secretary to the Government of India