CBIC rationalizes late fee for delay in filing of return in Form GSTR-7



Quick Summary
The Central Board of Indirect Taxes and Customs (CBIC) has announced a rationalisation of late fees for delayed GSTR-7 filings. Effective from June 2021, the late fee payable for failing to furnish the GSTR-7 return by the due date will be capped at a maximum of one thousand rupees. This means that any late fee exceeding this amount will be waived.

Vide Notification No. 22/2021 – Central Tax, CBIC has waived the late fee for delay in furnishing of return in FORM GSTR-7 for the month of June 2021 onwards for an amount that is in excess of one thousand rupees. Read the official notification below:

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i)]

Government of India
Ministry of Finance
(Department of Revenue)
Central Board of Indirect Taxes and Customs
Notification No. 22/2021 – Central Tax
New Delhi, the 1st June, 2021

G.S.R.....(E).— In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the said Act), the Government, on the recommendations of the Council, hereby waives the amount of late fee payable under section 47 of the said Act by any registered person, required to deduct tax at source under the provisions of section 51 of the said Act, for failure to furnish the return in FORM GSTR-7 for the month of June, 2021 onwards, by the due date, which is in excess of an amount of twenty-five rupees for every day during which such failure continues:

CBIC Rationalises GSTR-7 Late Fee

Provided that the total amount of late fee payable under section 47 of the said Act by such registered person for failure to furnish the return in FORM GSTR-7 for the month of June, 2021 onwards, by the due date, shall stand waived which is in excess of an amount of one thousand rupees.

[F. No. CBIC-20001/5/2021]
(Rajeev Ranjan)
Under Secretary to the Government of India

FAQ :

The CBIC has waived the late fee for delayed GSTR-7 filings for amounts exceeding one thousand rupees, effective from June 2021.

This change comes into effect for the GSTR-7 return for the month of June 2021 onwards.

The total late fee payable for delayed GSTR-7 filings will not exceed one thousand rupees.

Registered persons required to deduct tax at source under section 51 of the CGST Act are required to file GSTR-7.

The late fee is twenty-five rupees for every day during which the failure to furnish the return continues, before the total cap is reached.




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