GSTR-1 LATE FEE FY 2020-21

[DURAI RAJ]

Getting notice Regarding GSTR-1 Late Fee for the FY 2020-21 any waiver notification available during the FY 2020-21 ?

[KASTURI SETHI]

Notification No. 53/20-CT dated 24.06.20 waives late fee for the period April, 20 to June, 20 in respect of delayed filing of GSTR-1.

[Shilpi Jain]

GSTR-3B late fee is payable automatically as the portal calculates at the time of filing of returns. That is not the case with GSTR-1. So many are not aware or are assuming this is waived. Though late fee is applicable for GSTR-1 as well.

AI Summary

GSTR-1 late fee waiver limited to specified months; portal differences mean GSTR-1 fees remain payable otherwise. Late fee for delayed filing of GSTR-1 is generally payable, though Notification No. 53/20-CT waived late fees for the limited April-June 2020 period. The waiver is period-specific and does not extend to other periods. GSTR-3B late fees are auto-calculated by the portal, whereas GSTR-1 late fees are not automatically displayed, which can lead to unawareness of payable late fees outside the waived months.