The Central Board of Indirect Taxes and Customs ( CBIC ) has notified a full fee waiver for the delayed filing of the Goods and Services Tax ( GST ) Return, Form GSTR-4 with nil tax payable.
GSTR-4 is a GST Return that has to be filed by a composition dealer. Unlike a normal taxpayer who needs to furnish 3 monthly returns, a dealer choosing the composition scheme has to furnish only the Form GSTR-4 once in a year by 30th of April, after a financial year.
The notification stated as follows: –
“Provided also that the amount of late fee payable under section 47 of the said Act shall stand waived which is in excess of two hundred and fifty rupees and shall stand fully waived where the total amount of central tax payable in the said return is nil, for the registered persons who fail to furnish the return in FORM GSTR-4 for the quarters from July, 2017 to March 2019 or for the Financial years from 2019-20 to 2021-22 by the due date but furnish the said return between the period from the 1st day of April, 2023 to the 30th day of June, 2023”, to be inserted after the Sixth Proviso to the notification of the Government of India, the Ministry of Finance (Department of Revenue), No.73/2017– Central Tax, dated the 29th December, 2017 published in the Gazette of India.
The following amendments were also made to ease GST compliance –
The late fee for filing GSTR-4 between April 1 to June 30, 2023, for the quarters from July 2017 to March 2019 or FY 2019-20 to FY 2021-22 will be Rs. 500 maximum.
The late fee for GSTR-9 filed late between April 1 to June 30, 2023, will be restricted to Rs. 20,000 for FY 2017-18 to 2021-22.
From FY 2022-23 onwards, turnover based late fees for GSTR-9 will be made applicable:
Turnover up to 5 crores: Rs. 50 per day, maximum of 0.04% of turnover
Turnover between 5-20 crores: Rs. 100 per day, maximum of 0.04% of turnover
Turnover above 20 crores: Rs. 200 per day, maximum of 0.5% of turnover
Late fee for filing GSTR-10 between April 1 to June 30, 2023, will be restricted to Rs. 1,000.
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