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Gst late fees

anu saini (134 Points)

23 November 2019

Is there any chances of waive gst late fees?
whether any chances in the act provided for the waive off of late fees.

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4 Replies

RAJA P M ("Do the Right Thing...!!!") (127817 Points)
Replied 23 November 2019

No more update s till date...

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vineesh vn (19 Points)
Replied 24 November 2019

Is there any chances of waive gst late fees?
whether any chances in the act provided for the waive off of late fees.

Shivam RC (Student) (23683 Points)
Replied 24 November 2019

At present, no such update from the Department. Section 128 of the CGST Act 2017 has given powers to the Commissioner to waive of either full or part of the late fees levied u/s 47 of the CGST Act 2017.

Provision of Section 128 of the CGST Act 2017 is reproduced below :

POWER TO WAIVE PENALTY or FEES or BOTH.

"The Government may, by notification, waive in part or full, any penalty referred to in section 122 or section 123 or section 125 or any late fee referred to in section 47 for such class of taxpayers and under such mitigating circumstances as may be specified therein on the recommendations of the Council."