In line with recommendations of the GST Council, CBEC notifies Reduction of Late Fee for Delayed filing of FORM GSTR-1, GSTR-5, GSTR-5A* and GSTR-6, i.e. Late fee in such cases has been reduced to Rs. 50/ day (Rs. 20/ day where tax liability for the period is ‘Nil’), as under:
CBEC Central Tax Notification 4/2018 dt. 23/01/2018: Late Fee for GSTR-1 reduced w.e.f. 25/01/2018
CBEC Central Tax Notification 5/2018 dt. 23/01/2018: Late Fee for GSTR-5 reduced w.e.f. 25/01/2018**
CBEC Central Tax Notification 6/2018 dt. 23/01/2018: Late Fee for GSTR-5A reduced w.e.f. 25/01/2018
CBEC Central Tax Notification 7/2018 dt. 23/01/2018: Late Fee for GSTR-6 reduced w.e.f. 25/01/2018
** It may be noted that subsequently the CBEC has rescinded the Central Tax Notification 6/2018 dt. 23/01/2018, vide CBEC Central Tax Notification 13/2018 dt. 07/03/2018.
Related Posts:
CBEC Extends GSTR-5 (July~Dec. 2017) Due Date upto 31 Jan. 2018 for Non-Resident Taxable Person
CBEC Extends GSTR-5A (OIDAR) Due Date upto 31 Jan. 2018 for July~Dec. 2017
CBEC Extends Due Date of GSTR-6 (ISD) upto 31 May 2018 for July 2017~Apr. 2018
