Government Waives Late Fee for GSTR-4 Returns

Late Fee Amendment: Government amends notification No. 73/2017– Central Tax to waive late fees for GSTR-4 returns.

Legal Authority: Amendment made under section 128 of CGST Act, 2017, based on Council recommendations.

Applicable Period: Waiver covers late fees from the financial year 2021-22 onwards.

Nil Tax Liability: Late fees waived if total central tax payable in the return is nil, limited to INR 250.

Other Registered Persons: For registered persons with tax liability, late fees exceeding INR 1,000 are waived.

Issuing Authority: Notification issued by the Ministry of Finance, Department of Revenue.

Compliance Reminder: Businesses reminded to file GSTR-4 on time to avail of the late fee waiver.

Government provides relief by waiving GSTR-4 late fees, encouraging timely compliance for businesses.