GST Council to discuss waiver of late fee for August 2017 to January 2020

The Central Board of Indirect Taxes and Customs (CBIC)  on Monday tweeted that the issue of  GST late fee for the period  August 2017 to January 2020 will be discussed  in the next GST Council meeting. However, it did not say when the meeting will take place. 

GST Council to discuss waiver of late fee for August 2017 to January 2020

“In the recent past, tweets have been noticed by the government on the issue of waiver of late fee applicable on non-filing of GSTR 3B returns. The current requests for waiver of late fee pertains to the old period (August 2017 to January 2020). The trade is informed that the issue of late fee would be taken up for discussion in the next GST Council meeting,” the Central Board of Indirect Taxes and Customs (CBIC) tweeted.

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CBIC said for small businesses having turnover less than 5 crore struggling to cope with the outfall of the coronavirus pandemic, finance minister Nirmala Sitharaman has already announced extension of filing GST returns of February, March, April and May till 30 June for which no late fine will be collected.

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Also Read: GST Compliance calendar for June 2020

The CBIC said that since all GST decisions are taken by the Centre and the States with the approval of the GST Council,  “it would not be possible or desirable for the Central government to unilaterally take a view on the issue and therefore ,the trade is informed that the issue of late fee would be taken up for discussion in the next GST Council meeting.”

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