Late fee waiver for delayed GSTR-1 filing caps payable penalties by class of registered person from June 2021 onward. The amendment waives the portion of late fee under section 47 for failure to furnish outward supplies in FORM GSTR-1 for the tax period June, 2021 onwards, by capping payable late fee for three classes of registered persons-nil outward suppliers, lower-turnover registered persons, and higher-turnover registered persons-each subject to a specified maximum amount; the amendment is effective from 1 June 2021.
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Provisions expressly mentioned in the judgment/order text.
Late fee waiver for delayed GSTR-1 filing caps payable penalties by class of registered person from June 2021 onward.
The amendment waives the portion of late fee under section 47 for failure to furnish outward supplies in FORM GSTR-1 for the tax period June, 2021 onwards, by capping payable late fee for three classes of registered persons-nil outward suppliers, lower-turnover registered persons, and higher-turnover registered persons-each subject to a specified maximum amount; the amendment is effective from 1 June 2021.
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