becker
CIBIL
gst course

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Waiver of late fees


Vamshi Krishna   24 November 2020

Vamshi Krishna

 1 likes  34 points

| My Other Post

I keep on filing GSTR 3B returns from August 2018 to October 2018 which appearing late fee of Rs.5000 CGST and SGST as well.Till how many months it will continue or upto which month or upto which financial year will it continue

Shivam RC

Shivam RC (Student)     24 November 2020

Shivam RC
Student 
 2953 likes  23376 points

View Profile | My Other Post

You are filing GSTR-3B of August - October 2018 now ???

Vamshi Krishna

Vamshi Krishna   24 November 2020

Vamshi Krishna

 1 likes  34 points

View Profile | My Other Post

Yes return defaulter

ayusmita

ayusmita (Tax consultant)     24 November 2020

ayusmita
Tax consultant 
 364 likes  5454 points

View Profile | My Other Post

Fill it sooner or you get a notice
btw it's not cancelled yet how come???

Vamshi Krishna

Vamshi Krishna   24 November 2020

Vamshi Krishna

 1 likes  34 points

View Profile | My Other Post

Is there any way for late fee waiver

ayusmita

ayusmita (Tax consultant)     24 November 2020

ayusmita
Tax consultant 
 364 likes  5454 points

View Profile | My Other Post

It's already gone
now no late fee waiver

Shivam RC

Shivam RC (Student)     25 November 2020

Shivam RC
Student 
 2953 likes  23376 points

View Profile | My Other Post

There's no way of waiver of late fees as of now. The Government provided a GST Amnesty Scheme ( Reduction of Interest Rate and Waiver of Late Fees ) to the default taxpayers so as to clear all there pending returns and liability, which ended on 30th September 2020.

So if you file the pending Returns now, then the portal will charge late fees from you. As per the Provision of Section 46 of the CGST Act 2017, the maximum late fees per return would be Rs. 5,000 ( Rs. 50 per day incase of liability return ).

Moreover as per the Provision of Section 29(2) clause (c) of the CGST Act 2017, if a person fails to furnish his Return for a continuous period of "six months", then his Registration is liable to be cancelled by the Proper Officer on suo-motto basis. However before issuing the final cancellation order, the registered person is given an opportunity of being heard.

So it's better to file your return now with the applicable late fees and interest, as the department can anytime issue cancellation order.

1 Like

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Bajaj Finserv

Related Threads


Loading


Trending Tags