Late fee waiver for delayed GSTR-1 filings limits recoverable late fees by turnover-based caps, effective June 2021 onward. Amendment inserts a proviso that waives the portion of late fee under section 47 for failure to furnish FORM GSTR-1 by the due date, such that for tax periods from June 2021 onwards the total late fee payable is capped by specified amounts for defined classes of registered persons (nil outward supplies; lower-turnover taxpayers; and mid-range turnover taxpayers), and any fee in excess of the applicable cap is waived.
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Provisions expressly mentioned in the judgment/order text.
Late fee waiver for delayed GSTR-1 filings limits recoverable late fees by turnover-based caps, effective June 2021 onward.
Amendment inserts a proviso that waives the portion of late fee under section 47 for failure to furnish FORM GSTR-1 by the due date, such that for tax periods from June 2021 onwards the total late fee payable is capped by specified amounts for defined classes of registered persons (nil outward supplies; lower-turnover taxpayers; and mid-range turnover taxpayers), and any fee in excess of the applicable cap is waived.
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