Late fee waiver for delayed GSTR-7 returns eases TDS compliance under the state GST framework. Late fee under section 47 is waived, under section 128, for registered persons required to deduct tax at source under section 51 who delay filing FORM GSTR-7 for June 2021 onwards. The waiver applies to late fee exceeding twenty-five rupees per day, is capped so that the amount above one thousand rupees stands waived, and fully waives late fee where the monthly state tax deducted at source is nil. The notification supersedes the earlier notification dated 29 June 2021 and comes into force on 1 November 2024.
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Late fee waiver for delayed GSTR-7 returns eases TDS compliance under the state GST framework.
Late fee under section 47 is waived, under section 128, for registered persons required to deduct tax at source under section 51 who delay filing FORM GSTR-7 for June 2021 onwards. The waiver applies to late fee exceeding twenty-five rupees per day, is capped so that the amount above one thousand rupees stands waived, and fully waives late fee where the monthly state tax deducted at source is nil. The notification supersedes the earlier notification dated 29 June 2021 and comes into force on 1 November 2024.
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