Late fee waiver for delayed GSTR-7 returns reduces per-day excess charges and caps total late fee liability, easing compliance burden. Notification waives portions of the late fee under the Jharkhand GST regime for persons required to deduct tax at source who failed to furnish FORM GSTR-7 from June 2021 onwards. It relieves the portion of late fee exceeding a modest per day amount and further waives the portion of aggregate late fee liability that exceeds a specified cap, thereby limiting the recoverable late fee and reducing the compliance burden for the covered class of TDS deductors.
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Provisions expressly mentioned in the judgment/order text.
Late fee waiver for delayed GSTR-7 returns reduces per-day excess charges and caps total late fee liability, easing compliance burden.
Notification waives portions of the late fee under the Jharkhand GST regime for persons required to deduct tax at source who failed to furnish FORM GSTR-7 from June 2021 onwards. It relieves the portion of late fee exceeding a modest per day amount and further waives the portion of aggregate late fee liability that exceeds a specified cap, thereby limiting the recoverable late fee and reducing the compliance burden for the covered class of TDS deductors.
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