Late fee waiver for delayed GSTR-1 filing provides capped liabilities for specified classes of registered persons. Amendment waives the portion of late fee under the Karnataka GST regime for failure to furnish FORM GSTR-1 for tax periods from June 2021 onwards by capping the payable late fee for classes of registered persons: nil outward supplies; persons with turnover up to a specified threshold in the preceding financial year (excluding nil filers); and persons with turnover in a higher specified bracket (excluding nil filers). Any late fee in excess of the specified capped amount for the relevant class is waived.
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Provisions expressly mentioned in the judgment/order text.
Late fee waiver for delayed GSTR-1 filing provides capped liabilities for specified classes of registered persons.
Amendment waives the portion of late fee under the Karnataka GST regime for failure to furnish FORM GSTR-1 for tax periods from June 2021 onwards by capping the payable late fee for classes of registered persons: nil outward supplies; persons with turnover up to a specified threshold in the preceding financial year (excluding nil filers); and persons with turnover in a higher specified bracket (excluding nil filers). Any late fee in excess of the specified capped amount for the relevant class is waived.
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