CBEC Notification No. 73/2017 Central Tax (CGST) dt. 29 Dec. 2017: Reduced Late Fee for Delayed Filing of GSTR-4
CBEC has notified revised/ reduced late fee for delayed filing of GSTR-4, as recommended by GST Council. Taxpayers having Nil/ Some tax liability in a month shall pay late fee of Rs. 20/ 50 per day respectively (inclusive of late fee under CGST/ SGST).
G.S.R……(E):- In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the said Act), the Central Government, on the recommendations of the Council, hereby waives the amount of late fee payable under section 47 of the said Act, by any registered person for failure to furnish the return in FORM GSTR-4 by the due date, which is in excess of an amount of twenty five rupees for every day during which such failure continues:
Provided that where the total amount payable in lieu of central tax in the said return is nil, the amount of late fee payable under section 47 of the said Act, by any registered person for failure to furnish the said return by the due date shall stand waived to the extent which is in excess of an amount of ten rupees for every day during which such failure continues.