For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Late Fee For GST Return Filing Waived Off- Jaitley

The government has waived the late fee for rate filing of GSTR 3B form.

|

Jaitley on Tuesday announced a much needed relief for businesses after he withdrew the late fee penalty for GST returns filed after the due date. Also, payments made in lieu of late fee charges shall be reverse back in the taxpayer's account.

 
 Late Fee For GST Return Filing Waived Off- Jaitley

Only 39 lakh GST assessees are known to have filed the return until October 22.

 

"To facilitate taxpayers, late fee on filing of GSTR-3B for Aug & Sept has been waived. Late fee paid will be credited back to taxpayer ledger," the Finance Minister tweeted via his official Twitter handle.

Summary returns under GST is reportedly filed by only half of the assesses registered under the new GST. GSTR 3B is the summary return providing details on sale and input purchases.

The computed tax is then required to be paid by the 10th of the following month. For the July month, a relatively small number of assesses filed the GSTR 3B return form.

Goodreturns.in

Read more about: arun jaitley gst gstn return filing
Story first published: Tuesday, October 24, 2017, 14:44 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X