Government Waives Late Fee for TDS Returns

Late Fee Waiver: Government exercises powers under section 128 of CGST Act, 2017, to waive late fees for TDS return delays.

Applicable Section: Specifically, the waiver pertains to late fees under section 47 for registered persons with TDS obligations (section 51).

Effective Period: Waiver covers late filing from June 2021 onward for Form GSTR-7.

Fee Limit: Late fees exceeding INR 25 per day are waived, subject to a maximum limit.

Maximum Waiver: Total late fee stands fully waived if it exceeds INR 1,000 for delayed GSTR-7 filing.

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

Compliance Alert: Registered persons urged to comply with TDS return filing, benefitting from the stipulated waiver.

Government provides relief by waiving late fees, emphasizing timely compliance with TDS return filing.