Late fee waiver for delayed GSTR-1 filings reduces payable late fee for specified small and nil suppliers. The amendment waives the portion of late fee under the Goa Goods and Services Tax Act payable for failure to furnish details of outward supplies in FORM GSTR-1 by the due date, insofar as that portion exceeds specified fixed amounts for three classes of registered persons: those with nil outward supplies, those with lower aggregate turnover in the preceding financial year, and those with higher but capped turnover, with effect from the stated tax period.
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Late fee waiver for delayed GSTR-1 filings reduces payable late fee for specified small and nil suppliers.
The amendment waives the portion of late fee under the Goa Goods and Services Tax Act payable for failure to furnish details of outward supplies in FORM GSTR-1 by the due date, insofar as that portion exceeds specified fixed amounts for three classes of registered persons: those with nil outward supplies, those with lower aggregate turnover in the preceding financial year, and those with higher but capped turnover, with effect from the stated tax period.
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