Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Government Amends Late Fee Structure for GSTR-1 Filings; New Limits Based on Turnover Effective June 2021.</h1> The notification amends a previous government notification to rationalize late fees for delays in submitting the GSTR-1 form, effective from June 2021. It specifies that the late fee for registered persons failing to file on time will be waived beyond certain amounts. Registered persons with nil outward supplies will pay a maximum of 250 Rupees, those with a turnover up to 1.5 crores will pay 1,000 Rupees, and those with a turnover between 1.5 crores and 5 crores will pay 2,500 Rupees. This amendment is issued by the Ministry of Finance under the Central Goods and Services Tax Act, 2017.