Late fee waiver for delayed GSTR-1 filing reduces liability for eligible registered persons under GST rules from specified thresholds. The notification waives, for tax periods from June, 2021 onwards, the portion of late fee under section 47 that exceeds a fixed amount specified for each class of registered persons who fail to furnish outward supplies in FORM GSTR-1 by the due date; three classes are defined by nil outward supplies and by aggregate turnover bands in the preceding financial year, and the waiver is applied as the excess over the prescribed amount in the Table.
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Provisions expressly mentioned in the judgment/order text.
Late fee waiver for delayed GSTR-1 filing reduces liability for eligible registered persons under GST rules from specified thresholds.
The notification waives, for tax periods from June, 2021 onwards, the portion of late fee under section 47 that exceeds a fixed amount specified for each class of registered persons who fail to furnish outward supplies in FORM GSTR-1 by the due date; three classes are defined by nil outward supplies and by aggregate turnover bands in the preceding financial year, and the waiver is applied as the excess over the prescribed amount in the Table.
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