Late filing fees for late filing of GSTR 3B for August and September 2017 finally waived
Finance Minister Arun Jaitely has announced on his Twitter handle that To facilitate taxpayers, late fee on filing of GSTR-3B for August 2017 & September has been waived. Late fee paid will be credited back to taxpayer ledger.
Finance Minister and BJP Government were under Pressure from Taxpayer and Consultant across the country for imposition of late fees despite an announcement earlier in this regard that same will not be levied. Many Tax associations has already announced boycott of GST Return filing due to unjustified imposition of Late Filing Fees for late filing of Form GSTR-3B.
CBEC has notified the waiver vide its Notification No. 50/2017-Central Tax dated 24.10.2017 which reads as under-
In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby waives the late fee payable under section 47 of the said Act, for all registered persons who failed to furnish the return in FORM GSTR 3B for the months of August and September, 2017 by the due date.
News Source : GST4U
Place : New Delhi
News Date : 25 Oct, 2017