Late fee waiver for delayed GSTR-1 filings limits payable late fees for specified small and nil return taxpayers. The notification inserts a proviso waiving the portion of late fee under the Act for failure to furnish outward supplies in FORM GSTR-1 by the due date for tax periods June 2021 onward, such that the total late fee payable shall be limited to, and any amount in excess of, the fixed sums specified in the Table for (i) registered persons with nil outward supplies, (ii) registered persons with aggregate turnover up to a specified threshold in the preceding financial year (excluding nil suppliers), and (iii) taxpayers with aggregate turnover above that threshold up to a higher threshold (excluding nil suppliers).
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Provisions expressly mentioned in the judgment/order text.
Late fee waiver for delayed GSTR-1 filings limits payable late fees for specified small and nil return taxpayers.
The notification inserts a proviso waiving the portion of late fee under the Act for failure to furnish outward supplies in FORM GSTR-1 by the due date for tax periods June 2021 onward, such that the total late fee payable shall be limited to, and any amount in excess of, the fixed sums specified in the Table for (i) registered persons with nil outward supplies, (ii) registered persons with aggregate turnover up to a specified threshold in the preceding financial year (excluding nil suppliers), and (iii) taxpayers with aggregate turnover above that threshold up to a higher threshold (excluding nil suppliers).
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