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LATE FEE WAIVER HAS BEEN PROVIDED TILL JANUARY 2020 TO TAXPAYERS TO CLEAR BACKLOG OF ALL GSTR-1



Posted By : Super CA on 10 January

Government has notified that the amount of late fee payable shall stand waived for the taxpayers who failed to furnish the details of outward supplies in form GSTR-1 for the period from July-2017 to November-2019 by the due date but furnishes the said details in form GSTR-1 between the period 19th December 2019 to 10th January 2020. Please refer to notification 74/2019 dated 27 December 2019 in this regard.

You are requested to furnish the details in form GSTR-1 for the above referred period on or before 10th January 2020 to avail the benefit of the said notification.

After 10.01.2020 a late fee of Rs. 50 per day for non-filing of GSTR-1 up to a maximum of Rs. 10,000 per statement will be levied as per existing provisions. Therefore, the taxpayers are requested to clear any backlog with respect to GSTR-1 by 10.01.2020.

Further, the Government plans to take a number of steps if the pending GSTR-1 is not filed by 10.01.2020 such as blocking of E-way bill, etc.

Also, it is beneficial for the recipients to encourage their suppliers to file their GSTR-1 in time as it is important that the credit taken by the recipients in their GSTR-3B matches with the details auto-populated in their GSTR-2A.

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