Posted on 23-01-2018:
As already decided by the Council, The late fee payable by any
registered person for failure to furnish FORM GSTR-1 (supply
details), FORM GSTR-5 (Non-resident taxable person) or FORM
GSTR-5A (OIDAR) is being reduced to fifty rupees per day and shall be
twenty rupees per day for NIL filers.
The Central Government today notified that the late fee for
filing of GSTR-1, GSTR-5, GSTR-5A & GSTR-6 has reduced to Rs. 50 per day.
The last meeting of the Goods and Services Tax Council, held on 18th January
2018 recommended the Government to reduce the late fee.
The late fee payable for failure to furnish FORM
GSTR-6 (Input Service Distributor) shall be fifty rupees per day.
As per the Notification, for GSTR-1, where there are no outward
supplies in any month/quarter, the amount of late fee payable by such
registered person for failure to furnish the said details by the due date under
section 47 of the said Act shall stand waived to the extent which is in excess
of an amount of ten rupees for every day during which such failure continues.
In
case of GSTR-5A, the Notification said that where the total amount of
integrated tax payable in the said return is nil, the amount of late fee
payable by such registered person for failure to furnish the said return by the
due date under section 47 of the said Act shall stand waived to the extent
which is in excess of an amount of ten rupees for every day during which such
failure continues.
Click here for the notifications:
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