Seeks to rationalize late fee for delay in furnishing of the statement of outward supplies in FORM GSTR-1.

Seeks to rationalize late fee for delay in furnishing of the statement of outward supplies in FORM GSTR-1. https://www.taxtmi.com/notifications?id=135733 Caps and waives late fees under section 47 for failure to furnish FORM GSTR-1: for tax periods June 2021 onwards, the total late fee payable shall be waived to the extent it exceeds prescribed amounts for specified classes of registered persons (nil outward supplies; aggregate turnover up to a lower threshold; aggregate turnover above that lower threshold and up to a higher threshold). en-us Tue, 01 Jun 2021 00:00:00 +0530 Wed, 02 Jun 2021 09:43:00 +0530 TaxTMI RSS Generator Seeks to rationalize late fee for delay in furnishing of the statement of outward supplies in FORM GSTR-1. https://www.taxtmi.com/notifications?id=135733 Caps and waives late fees under section 47 for failure to furnish FORM GSTR-1: for tax periods June 2021 onwards, the total late fee payable shall be waived to the extent it exceeds prescribed amounts for specified classes of registered persons (nil outward supplies; aggregate turnover up to a lower threshold; aggregate turnover above that lower threshold and up to a higher threshold). Notifications GST Tue, 01 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/notifications?id=135733