Notification No. 07/2022 – Central Tax GSTR-4 Late Fee Waiver

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Notification No. 07/2022 – Central Tax: Seeks to waive off late fee under section 47 for the period from 01.05.2022 till 30.06.2022 for delay in filing FORM GSTR-4 for FY 2021-22

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)]

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), the Central Government, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue), No. 73/2017–Central Tax, dated the 29^th December, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 1600(E), dated the 29^th December, 2017, namely :–

In the said notification, after the fifth proviso, the following proviso shall be inserted, namely: –

"Provided also that the late fee payable for delay in furnishing of FORM GSTR-4 for the Financial Year 2021- 22 under section 47 of the said Act shall stand waived for the period from the 1^st day of May, 2022 till the 30^th day of June, 2022.".

(Rajeev Ranjan)
Under Secretary to the Government of India

Note: The principal notification No. 73/2017-Central Tax, dated 29^th December, 2017 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 1600(E), dated the 29^th December, 2017 and was last amended vide notification number 21/2021 – Central Tax, dated the 1^st June, 2021, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R 365 (E), dated the 1^st June, 2021.

📚 Frequently Asked Questions (FAQs): Notification No. 07/2022 - Central Tax

Q1: What is Notification No. 07/2022 – Central Tax about?

Answer:
This notification, issued on 26 May 2022, provides a waiver of the late fee under Section 47 of the CGST Act for taxpayers delaying the filing of FORM GSTR-4 for FY 2021-22. The waiver applies for delays between 1 May 2022 and 30 June 2022.

Q2: Who can benefit from this GSTR-4 late fee waiver?

Answer:
The waiver benefits composition taxpayers who are required to file FORM GSTR-4 annually. It aims to reduce the financial burden caused by late filing within the specified period.

Q3: Does this waiver mean no late fee will be charged at all for FY 2021-22 GSTR-4?

Answer:
Yes, for the delay period from 1 May 2022 to 30 June 2022, no late fee will be charged. However, if the delay extends beyond 30 June 2022, late fees may still apply.

Q4: What is FORM GSTR-4 and who needs to file it?

Answer:
FORM GSTR-4 is an annual GST return for taxpayers registered under the composition scheme. It summarizes turnover, tax liability, and tax paid during the financial year.

Q5: Why was this waiver introduced?

Answer:
The waiver was recommended by the GST Council to ease compliance stress for small businesses, particularly during times when operational or technical challenges may delay filing.

Q6: How can I avoid future GST late fees?

Answer:
To avoid late fees, ensure timely return filing, set reminders, and use professional GST compliance services. You can explore GST Compliance and GST Return Filing with Finodha for hassle-free filing.

Q7: Can I file GSTR-4 for FY 2021-22 after June 30, 2022?

Answer:
Yes, but any delay beyond 30 June 2022 will attract applicable late fees as per Section 47 of the CGST Act.

Q8: Where can I get expert help for GST matters?

Answer:
You can consult GST Experts at Finodha for professional guidance, compliance management, and timely reminders to avoid penalties.

Q9: Does this notification affect previous years’ GSTR-4 filings?

Answer:
No, this waiver specifically applies only to FY 2021-22 and for delays within the mentioned period. Previous years remain governed by earlier rules.

Q10: What if I missed filing GSTR-4 entirely for FY 2021-22?

Answer:
You should file it immediately. While the waiver reduces late fees for the specified period, continued delay can lead to higher late fees and interest.