Seeks to rationalize late fee imposed under section 47 of the WBGST Act, 2017 for late furnishing of the statement of outward supplies in FORM GSTR-1, from tax period of June, 2021 onward (amendment to notification No. 118-F.T. dated 24.01.2018)

Seeks to rationalize late fee imposed under section 47 of the WBGST Act, 2017 for late furnishing of the statement of outward supplies in FORM GSTR-1, from tax period of June, 2021 onward (amendment to notification No. 118-F.T. dated 24.01.2018) https://www.taxtmi.com/notifications?id=135921 Where registered persons fail to furnish FORM GSTR-1 by the due date for tax periods from June 2021 onward, the total late fee payable shall be waived to the extent it exceeds fixed cap amounts specified for defined classes of registrants, with classes distinguished by nil state-tax liability and by tiers of prior-year aggregate turnover, and the amendment operates from June 2021. en-us Mon, 14 Jun 2021 00:00:00 +0530 Mon, 21 Jun 2021 17:42:00 +0530 TaxTMI RSS Generator Seeks to rationalize late fee imposed under section 47 of the WBGST Act, 2017 for late furnishing of the statement of outward supplies in FORM GSTR-1, from tax period of June, 2021 onward (amendment to notification No. 118-F.T. dated 24.01.2018) https://www.taxtmi.com/notifications?id=135921 Where registered persons fail to furnish FORM GSTR-1 by the due date for tax periods from June 2021 onward, the total late fee payable shall be waived to the extent it exceeds fixed cap amounts specified for defined classes of registrants, with classes distinguished by nil state-tax liability and by tiers of prior-year aggregate turnover, and the amendment operates from June 2021. Notifications GST - States Mon, 14 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/notifications?id=135921