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=136101 Late fee payable for delay in furnishing FORM GSTR-1 is rationalized for tax period June 2021 onwards, and the excess late fee under section 47 stands waived above the prescribed cap for registered persons who fail to furnish outward supplies by the due date. The capped amounts apply to registered persons with nil outward supplies, turnover up to rupees 1.5 crores, and turnover above rupees 1.5 crores up to rupees 5 crores in the preceding financial year. en-us Tue, 29 Jun 2021 00:00:00 +0530 Wed, 24 Jun 2026 17:10:00 +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=136101 Late fee payable for delay in furnishing FORM GSTR-1 is rationalized for tax period June 2021 onwards, and the excess late fee under section 47 stands waived above the prescribed cap for registered persons who fail to furnish outward supplies by the due date. The capped amounts apply to registered persons with nil outward supplies, turnover up to rupees 1.5 crores, and turnover above rupees 1.5 crores up to rupees 5 crores in the preceding financial year. Notifications GST - States Tue, 29 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/notifications?id=136101