Late fee waiver for GST returns: capped daily penalties by turnover class and excess relief for prior-year filings. The Government waives part of the late fee payable under the Act for returns to be furnished for 2022-23 onwards by specified classes of registered persons by prescribing daily late fee rates and a maximum cap tied to turnover in the State or Union territory for each class; additionally, for returns of certain earlier financial years filed within a limited period in 2023, the waiver covers the amount of late fee in excess of a prescribed threshold. The notification is effective from the last day of the 2022-23 financial year.