Late fee waiver for delayed GSTR-1 filing: excess late fees above prescribed caps are waived for defined classes of taxpayers. The notification inserts a proviso waiving, from June 2021 onward, the portion of late fee under the Act that exceeds prescribed caps for specified classes of registered persons who fail to furnish outward supplies in FORM GSTR-1 by the due date, with categorical caps set for nil suppliers, small turnover taxpayers and mid-range turnover taxpayers; 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: excess late fees above prescribed caps are waived for defined classes of taxpayers.
The notification inserts a proviso waiving, from June 2021 onward, the portion of late fee under the Act that exceeds prescribed caps for specified classes of registered persons who fail to furnish outward supplies in FORM GSTR-1 by the due date, with categorical caps set for nil suppliers, small turnover taxpayers and mid-range turnover taxpayers; the amendment is effective from 1 June, 2021.
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