The Ministry of Finance (Department of Revenue) along with the Central Board of Indirect Taxes and Customs (CBIC) has published a notification which stated that the late fees payable on non-filing of FORM GSTR-4 for the quarters of months from July 2017 to March 2020 by the due date would get waive off.

According to the Section 148 of the Central Goods and Services Tax Act, 2017, the Government based on the recommendations of the Council is seeking to make amendments in an earlier notification issued by the Government of India in the Ministry of Finance (Department of Revenue), No. 73/2017– Central Tax, dated the 29th December 2017. This earlier notification states that on the failure of filing of Form GSTR-4 on the due date the late fees payable is revised to Rs.25 per day and for nil return, it is Rs.10 per day.

CBIC has issued a new notification No. 67/2020 – Central Tax which says, that after the second proviso in the earlier notification, the following proviso shall be inserted, namely: – 

“Provided also that late fee payable under section 47 of the said Act, shall stand waived which is in excess of two hundred and fifty rupees and shall stand fully waived where the total amount of central tax payable in the said return is nil, for the registered persons who failed to furnish the return in FORM GSTR-4 for the quarters from July, 2017 to March, 2020 by the due date but furnishes the said return between the period from 22th day of September, 2020 to 31st day of October, 2020.”

The new notification states that the registered person who has not filed the return in FORM GSTR-4 for the quarters month from the date of July, 2017 to March, 2020 by the due date, but furnishes the GST return, between the period from the date 22nd September 2020 to 31st October 2020 then the late fees above Rs.500 (includes of Rs.250 for CGST and Rs.250 for SGST) would get waived off and in the case of Nil tax payable on CGST and SGST the late fees payable would get fully waived off.

With Warm Regards,

CL Bureau.

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