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The GST council in its 38th meeting on 18th Dec 2019 had recommended that late fee chargeable on filing of statements of output supplies in Form GSTR-1, be waived for the GSTR-1 pertaining to period July, 2017 to Nov 2019 if the same are filed by 10/01/2020.The response to this waiver has been very encouraging and since announcement on 18.12.2019, 54 lakhs GSTR-1 have gotten filed till 09.01.2020. On average, only about 25 lakh monthly GSTR1s get filed.In the view of such huge response, which wo
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FAQ :
The deadline for the GSTR-1 late fee waiver has been extended to 17th January 2020.
The waiver applies to GSTR-1 statements pertaining to the period from July 2017 to November 2019.
The deadline was extended due to the very encouraging response to the initial waiver, with a significant number of GSTR-1 statements filed.
As of 9th January 2020, 54 lakh GSTR-1 statements had been filed under the waiver scheme.
The scheme aims to encourage the filing of GSTR-1 statements and reduce unmatched credit.
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