India Reduces Late Fee for Delayed GSTR-5 Filing to Ease Taxpayer Burden Under CGST Act 2017.

The Government of India, through Notification No. 5/2018 - Central Tax, announced a reduction in the late fee for delayed filing of FORM GSTR-5 under the Central Goods and Services Tax Act, 2017. The late fee is reduced to twenty-five rupees per day for registered persons who fail to file by the due date. If the central tax payable is nil, the late fee is further reduced to ten rupees per day. This adjustment is made based on recommendations from the Council and aims to alleviate the financial burden on taxpayers who are late in filing their returns.

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