Tuesday, 24 October 2017

Govt Waives Late Fee for August and September GST Returns GSTR 3B

Govt Waives Late Fee for August and September GST Returns GSTR 3B

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The Central Government today clarified that no late fee would be levied on the tax payers who failed to furnish the return in FORM GSTR-3B for the month of August and September, 2017 by the due date.
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In a tweet, the Finance Ministry has said that, To facilitate taxpayers, late fee on filing of GSTR-3B for Aug&Sept has been waived. Late fee paid will be credited back to taxpayer ledger.
The Government will not charge any late fee or penalty for late filing of GST returns during the interim period, tax payers reported that the Goods and Services Tax Network (GSTN) has started to levy penalty for late filing of GSTR 3B.
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Under the present GST laws, penalty of Rs. 100 per day is leviable under the CGST/SGST Acts. This may go upto 5,000/=. GSTR 3B will not be uploaded without paying the penalty.
Earlier, the Government has waived the late fee of July.

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