November 19, 2017

Waiver Of Late Fee For All Registered Persons Who Failed To Furnish Return In Form GSTR-3B

In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017, Central government has reduced the amount of late fees be payable on late filling of GSTR – 3B from October 2017 onwards.

S no	Taxpayer	CGST	SGST	IGST
1	Whose tax liabilities is NIL	10 per day	10 per day	20 per day
2	All other taxpayer	25 per day	25 per day	50 per day

NOTIFICATION NO.64/2017-CENTRAL TAX, DATED 15-11-2017

In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the said Act), the Central Government, on the recommendations of the Council, hereby waives the amount of late fee payable by any registered person for failure to furnish the return in FORM GSTR-3B for the month of October, 2017 onwards by the due date under section 47 of the said Act, which is in excess of an amount of twenty five rupees for every day during which such failure continues:

Provided that where the total amount of central 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 for the month of October, 2017 onwards 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.

DISCLAIMER: The views expressed are strictly of the author and VJM & Associates LLP. The contents of this article are solely for informational purpose. It does not constitute professional advice or recommendation of firm. Neither the author nor firm and its affiliates accepts any liabilities for any loss or damage of any kind arising out of any information in this article nor for any actions taken in reliance thereon.

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