Seeks to rationalize late fee imposed under section 47 of the RGST Act, 2017 for late furnishing of the statement of outward supplies in FORM GSTR-1

Seeks to rationalize late fee imposed under section 47 of the RGST Act, 2017 for late furnishing of the statement of outward supplies in FORM GSTR-1 https://www.taxtmi.com/notifications?id=135792 Waiver of late fee payable under section 47 of the RGST Act, 2017 is provided for failures to furnish outward supplies in FORM GSTR-1 for tax periods from June 2021 onward. The notification caps the total late fee payable for specified classes of registered persons-nil outward suppliers, registrants with turnover up to a defined lower band, and registrants in a higher turnover band-and waives any amount in excess of the fixed cap for each class. en-us Fri, 04 Jun 2021 00:00:00 +0530 Sat, 05 Jun 2021 13:20:00 +0530 TaxTMI RSS Generator Seeks to rationalize late fee imposed under section 47 of the RGST Act, 2017 for late furnishing of the statement of outward supplies in FORM GSTR-1 https://www.taxtmi.com/notifications?id=135792 Waiver of late fee payable under section 47 of the RGST Act, 2017 is provided for failures to furnish outward supplies in FORM GSTR-1 for tax periods from June 2021 onward. The notification caps the total late fee payable for specified classes of registered persons-nil outward suppliers, registrants with turnover up to a defined lower band, and registrants in a higher turnover band-and waives any amount in excess of the fixed cap for each class. Notifications GST - States Fri, 04 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/notifications?id=135792