Late fee waiver for delayed GSTR-1 filing limits excess liability for specified classes of registered persons. Late fee payable for delay in furnishing FORM GSTR-1 is rationalized for tax period June 2021 onwards, and the excess late fee under section 47 stands waived above the prescribed cap for registered persons who fail to furnish outward supplies by the due date. The capped amounts apply to registered persons with nil outward supplies, turnover up to rupees 1.5 crores, and turnover above rupees 1.5 crores up to rupees 5 crores in the preceding financial year.