Amendment to Late Fee Provisions for GSTR-4 Returns

G.S.R Amendment: The Central Government, under section 128 of the CGST Act, 2017, issues an amendment to the notification related to GSTR-4 returns.

Original Notification: Refers to the notification No. 73/2017–Central Tax, dated 29th December 2017, with amendments up to 12/2022 – Central Tax, dated 5th July 2022.

New Proviso Inserted: After the sixth proviso, a new proviso is inserted to waive the late fee under section 47 of the CGST Act. The waiver applies under specific conditions.

Waiver Conditions: The amount of late fee exceeding INR 250 is waived. Full waiver if the total central tax payable in the return is nil. Applicable for registered persons failing to furnish GSTR-4 for the quarters from July 2017 to March 2019 or for the financial years from 2019-20 to 2021-22. The return should be furnished between April 1, 2023, and June 30, 2023.

Objective: The amendment aims to provide relief by waiving late fees for GSTR-4 returns under specific circumstances.

Effective Period: The amendment is effective immediately upon publication.

Authority and Signatory: Issued by the Central Government based on Council recommendations, the amendment is signed by Alok Kumar, Director.

This amendment brings a targeted waiver of late fees, offering respite for registered persons meeting the specified conditions during the mentioned periods.