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Waiver of late fee for late furnishing of GSTR-1 [Section 128 read with Section 47(1) of CGST Act]]

Notification No. 04/2018 - Central...

Summary of late fees payable on GS... Summary of Notifications issued u/...

Notification No. 04/2018 - Central Tax dated 23-01-2018 [Waiver of late fee for late furnishing of GSTR-1]

Notification No. 04/2018-Central Tax dt. 23-01-2018

In exercise of the powers conferred by section 128 of the CGST Act, 2017,

GSTR-1 late fees reduced to Rs.25 for all RPs

CG waives late fee payable u/s 47 for RP for failure to furnish monthly/ quarterly GSTR-1 by the due date, which is in excess of Rs.25  for every day during which such failure continues:

 

1st Proviso – GSTR-1 late fees reduced to Rs.10 for nil return

where there are no outward supplies in any month/quarter, late fee payable u/s 47 by such RP for failure to furnish GSTR-1 by the due date shall stand waived in excess of Rs.10 for every day during which such failure continues.

 

[1][2nd Proviso = Late fees reduced to Nil for all RPs from Jul-17 to Sep-18

Late fee payable u/s 47 shall stand waived for RPs who failed to furnish GSTR-1 for the months/quarters from July-2017 to Sep-2018 by the due date but furnishes GSTR-1 between 22nd Dec, 2018 to 31st March, 2019]

 

[2][3rd Proviso = Late fees reduced to Nil for all RPs from Jul-17 to Nov-19

late fee payable u/s 47 shall stand waived for RPs who failed to furnish GSTR-1 for the months/quarters from July-2017 to Nov-2019 by the due date but furnishes GSTR-1 between 19th Dec, 2019 to [3][17th Jan, 2020]].

 

[4][4th Proviso = Late fees reduced to Nil for all  RPs from Mar-20 to Jun-20 with conditions

late fee payable u/s 47 shall stand waived for the registered persons who fail to furnish GSTR-1 for the months or quarter mentioned in column (2) of the Table below by the due date, but furnishes the said details on or before the dates mentioned in column (3) of the said Table:-

SN

Month/Quarter

Dates

(1)

(2)

(3)

1.

Mar, 2020

10th Jul, 2020

2.

Apr, 2020

24th Jul, 2020

3.

May, 2020

28th Jul, 2020

4.

Jun, 2020

05th Aug, 2020

5.

Jan-Mar, 2020

17th Jul, 2020

6.

Apr-Jun, 2020

03rd Aug, 2020

]

 

[5][5th Proviso = Late fees reduced from Jun-21 for specified RPs

Total Late fee payable u/s 47 of the said Act for the tax period June, 2021 onwards or quarter ending June, 2021 onward, as the case may be, shall stand waived which is in excess of an amount as specified in column (3) of the Table given below, for the RPs mentioned in the corresponding entry in column (2) of the said Table, who fail to furnish the details of outward supplies in FORM GSTR-1 by the due date, namely:-

SN

Class of RPs

Amount

(1)

(2)

(3)

1.

RPs who have nil outward supplies in the tax period

Rs.250

2.

RPs having an AT of up to Rs. 1.5 cr in the preceding FY, other than those covered under S. No. 1

Rs.1,000

3.

RPs having an AT of more than Rs. 1.5 cr and up to Rs. 5 cr in the preceding FY, other than those covered under S. No. 1

Rs.2,500

.
 

[1] Proviso inserted by Notification No. 75/2018-Central Tax dt. 31-12-2018.

[2] Proviso inserted by Notification No. 74/2019-Central Tax dt. 26-12-2019 wef 19-12-2019.

[3] Substituted for words “17th Jan, 2020” by Notification No. 04/2020-Central Tax dt. 10-01-2020.

[4] Proviso substituted by Notification No. 53/2020-Central Tax dt. 24-06-2020.

Proviso inserted by Notification No. 33/2020-Central Tax dt. 03-04-2020 as

“Provided also that the amount of late fee payable under section 47 of the said Act shall stand waived for the months of March, 2020, April, 2020andMay, 2020,and for the quarter ending 31st March,2020,for the registered persons who fail to furnish the details of outward supplies for the said periods in FORM GSTR-1 by the due date, but furnishes the said details in FORM GSTR-1, on or before the 30thday of June,2020.”
 

 

[5] Proviso inserted by Notification No. 20/2021-Central Tax dt. 01-06-2021.

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