Notification 19/2021 dt. 1st June 2021 - waiver of late fee

[A SUBRAHMANYAM]

Though the Notification mentions total amount of late-fee for the returns uptil May 2021, the waiver is applicable per return or in toto. Needs further elucidation to avoid undue litigation from the Department.

AI Summary

Waiver of Late Fees for GST Returns Up to May 2021 Clarified: Applies Per Return, Relief for Small Traders Notification 19/2021, dated June 1, 2021, addresses the waiver of late fees for GST returns up to May 2021. A participant questioned whether the waiver applies per return or in total. One response clarified it is per return, while another noted it provides significant relief for small traders and suppliers. An issue was raised about late fees still appearing for a November 2020 return, seeking advice on resolution. It was suggested that a reduced late fee applies as per Notification 18/2021.