Quick Summary
The Government, vide Notification No. 19/2021, dated 1st June 2021, inter alia, has waived the late fee payable, in excess of the amount as specified in the Tables, as given below:
(Note: Please refer to respective State/UT Notifications for waiver of State/UT tax).
This is for information please.
A. For the registered persons who have failed to furnish the return in FORM GSTR-3B, for the months /quarter of July, 2017 to April, 2021, by the due date
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B. For the tax period of June, 2021 onwards or quarter ending June, 2021 onwards
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Registered persons whose total amount of Central Tax & State/UT tax payable in the said return is Nil |
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Registered persons having an aggregate turnover of up to rupees 1.5 crores in the preceding financial year, other than those covered under S. No. 1 |
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Taxpayers having an aggregate turnover of more than rupees 1.5 crores and up to rupees 5 crores in the preceding financial year, other than those covered under S. No. 1 |
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Thanking You,
Team GSTN
FAQ :
The government has waived a portion of the late fee payable for delayed filing of GSTR-3B returns.
The waiver covers GSTR-3B returns for the months/quarters from July 2017 to April 2021, and also for June 2021 onwards.
For returns with no tax payable, the late fee is waived in excess of Rs 500. For returns with tax payable, it's waived in excess of Rs 1000, provided they are filed between 1st June 2021 and 31st August 2021.
For periods from June 2021 onwards, the waiver is up to Rs 500 for nil tax returns, up to Rs 2,000 for taxpayers with turnover up to Rs 1.5 crores, and up to Rs 5,000 for taxpayers with turnover between Rs 1.5 crores and Rs 5 crores.
The notification specifies waiver of Central tax late fees. Please refer to respective State/UT notifications for waiver of State/UT tax.
CAclubindia
