FORM GSTR-10 FINAL RETURN LATE FEE WAIVED/REDUCED FOR GSTIN CANCELLED CASES
The Goods and Services Tax Act, 2017 came into force with effect from 1.7.2017 in India.
The GSTIN issued for carrying out supply of Goods or Services or both were cancelled for not furnishing returns for six months or two quarters by the Department and the taxpayers apply for cancellation of GSTIN at the time of closure of business activities.
The GSTIN cancelled persons will have to submit their final return in FORM GSTR-10 within 30 days from the date of cancellation of GSTIN. Failure to submit FORM GSTR-10 will attract late fee.
The Central Government on the recommendations of the Council, waives the amount of late fee referred to in section 47 of the Act, which is in excess of five hundred rupees for the registered persons who fail to furnish the final return in FORM GSTR-10 by the due date but furnish the said return between the period from 1.4.2023 to 30.6.2023.
The relevant notification is given below for ready reference.
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB- SECTION (ii)]
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE)
CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS
NOTIFICATION
NO. 08/2023 – CENTRAL TAX
New Delhi, dated the 31st March, 2023
S.O.....(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 amount of late fee referred
to in section 47 of the Act, which is in excess of five hundred rupees for the registered
persons
who
fail to furnish the final return in FORM GSTR-10 by the due date but furnish the said return between the period from the
1st day of April, 2023 to the 30th day of June, 2023.
[F. No. CBIC-20013/1/2023-GST]
(Alok Kumar)
Director