Reduction / Waiver of late fee in case of delayed filing of FORM GSTR-1 - 04/2018 - Central GST (CGST)

Late fee waiver for delayed GSTR 1 filing provides conditional relief when returns are furnished within prescribed extended windows.

The notification waives or limits late fee liability for delayed FORM GSTR 1 filings by permitting waiver of amounts in excess of prescribed daily minima and by granting time limited filing windows for earlier tax periods that, if complied with, eliminate or reduce additional late fee exposure. It also establishes a class based cap structure for later tax periods, providing nominal capped amounts for nil outward suppliers and for taxpayers within lower turnover bands, with subsequent amendments extending or modifying the covered periods and dates.