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CBIC on Thursday (26th May 2022) waived late fees for two months till June for delayed filing of GST returns for financial year 2021-22 by small taxpayers registered under the composition scheme. The Central Board of Indirect Taxes and Customs (CBIC) in the notification said that late fee shall b
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FAQ :
Small taxpayers registered under the composition scheme are eligible for the waiver.
The waiver applies to the annual GSTR-4 return for the financial year 2021-22.
The late fee is waived for filings made from May 1st, 2022, until June 30th, 2022.
Typically, the late fee is Rs 50 per day, with a maximum of Rs 500 if the tax payable is nil, and Rs 2,000 in all other cases.
The Central Board of Indirect Taxes and Customs (CBIC) announced the waiver.
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