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Waiver-of-Late-Fees-for-Filing-of-GSTR-1-GSTR-3B-and-GSTR-4

 

Waiver of Late Fees for Filing of GSTR-1 GSTR-3B and GSTR-4

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Introduction-
  • GSTR-3B is the monthly return of summary of sales, contains the detail of outward supplies and inward supplies along with the payment of amount of tax.
  • GSTR-1 is a monthly or quarterly return that should be filed by every registered dealer. It contains details of all outward supplies* i.e. sales, details of business irrespective of whether the transaction was done or not in a month.
  • GSTR-4 is filed by businesses who have opted Composition scheme, the dealer has to file their quarterly return.
 
See the related post : How to file GSTR-1
 
Late Fees on Late Filing-
  • Taxpayers having Tax Liability- The fee for late filing of the returns is Rs 25/- per day for Central GST (CGST) and an equal amount under State GST (SGST) i.e. total of Rs. 50/- per day.
  • Taxpayers having NIL Tax Liability- Those businesses who have to file returns but have 'Nil' Tax Liability would have to pay a fine of Rs 10/- under CGST, and an equal amount under SGST i.e. total of Rs. 20/- per day.
  • No Late fees will be charged in case of IGST.
 
Waiver of Late Fees for Filing of GSTR-1, GSTR-3B, GSTR-4 & GST ITC-04

The CBIC said "the amount of late fee payable under Section 47 of the said (CGST) Act shall stand waived for the registered persons who failed to furnish the return" in Form GSTR-3B GSTR-1, for the months between July 2017 and September 2018, by the due date but furnishes the said return between the period from December 22, 2018 to March 31, 2019.

 
1. FORM GSTR-3B

The amount of late fee payable under section 47 of the said Act shall stand waived for the registered persons who failed to furnish the return in FORM GSTR-3B for the months of July, 2017 to September, 2018 by the due date but furnishes the said return between the period from 22nd December, 2018 to 31st March, 2019 vide Notification No. 76/2018 – Central Tax dated 31st December, 2018.

 

The amount of late fee payable under section 47 of the said Act shall stand waived for the registered persons who failed to furnish the details of outward supplies in FORM GSTR-1 for the months/quarter from July, 2017 to September, 2018 by the due date but furnishes the said details in Form GSTR-1 between the period from 22nd December, 2018 to 31st March, 2019 vide Notification No. 75/2018 – Central Tax dated 31st December, 2018.

 

The amount of late fee payable under section 47 of the said Act shall stand waived for the registered persons who failed to furnish the return in FORM GSTR-4 for the quarter from July, 2017 to September, 2018 by the due date but furnishes the said return between the period from 22nd December, 2018 to 31st March, 2019 vide Notification No. 77/2018 – Central Tax dated 31st December, 2018.

 
4. FORM GST ITC-04

The Commissioner hereby extends the time limit for furnishing the declaration in FORM GST ITC-04 of the said rules, in respect of goods dispatched to a job worker or received from a job worker, during the period from July, 2017 to December, 2018 till the 31st day of March, 2019 vide Notification No. 78/2018 – Central Tax dated 31st December, 2018

 



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