WAIVER OF LATE FEE FOR BELATED SUBMISSION OF FORM GSTR-1 RETURN FOR THE PERIOD FROM JULY 2017 TO NOVEMBER 2019 IF FILED BEFORE 10.1.2020
The Goods and Services Tax Act,
2017 came into force with effect from 1.7.2017 in India
The Central Government has now
decided that the amount of late fee payable under Section 47 of the CGST Act,
2017 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 said details in FORM
GSTR-1 between the period 19th December, 2019 to 10th January, 2020.
As per the above changes, filing
of FORM GSTR-1 from December, 2019 will attract late fee of Rs. 25.00 for every
day under Section 47 under each Act (Rs. 50.00 per day).
The relevant Notifications were
given below for ready reference.
[To be published in the Gazette
of India
(i)]
Government of India Ministry
of Finance (Department
of Revenue)
Central
Board of Excise and
Customs
Notification No. 4/2018 – Central Tax
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 details of outward
supplies for any month/quarter in FORM GSTR-1 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 there are no outward supplies in any month/quarter, the amount of
late fee payable by such registered person for failure to furnish the said details 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
[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
Indirect Taxes and Customs
Notification No. 74/2019 – Central Tax
New Delhi, the 26th December,
2019
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 makes the following further amendment in the notification of
the Government of
India in the Ministry of Finance, Department of Revenue No. 4/2018– Central Tax, dated the
23rd January, 2018, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-
section
(i) vide number G.S.R. 53(E), dated
the 23rd January, 2018,
namely:–
In
the
said
notification, after the second proviso,
the
following
proviso
shall be
inserted, namely:–
“Provided also 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
November, 2019
by the due date but
furnishes the said details in FORM GSTR-1 between the period from 19th December, 2019 to
10th January, 2020.”.
2. This notification shall be deemed to have come into force with effect from the 19th day of
December,
2019.
[F.No.20/06/09/2019-GST]
(Ruchi Bisht)
Under Secretary to the Government of India
Note: The
principal notification No. 4/2018-Central
Tax,
dated
23rd January, 2018 was
published in the Gazette of India, Extraordinary, vide number G.S.R. 53(E), dated
the 23rd January, 2018 and was subsequently amended by notification No. 75/2018-Central Tax, dated
the 31st December, 2018, published in the Gazette of India, Extraordinary, vide number G.S.R.