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    <title>Reduction of late fee in case of delayed filing of form GSTR-1</title>
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    <description>Waiver of late fee for delayed filing of FORM GSTR-1 limits the recoverable daily penalty by establishing modest daily threshold amounts above which additional late fees are waived, and provides a lower daily threshold where there are no outward supplies, thereby reducing the financial exposure for late filers of the return.</description>
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