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CBIC notifies waiver of Late Fee of all Pending Form GSTR-1 from July 2017 to Nov 2019 [Read Notification]

due dates GSTR-1 - GSTR-1 Composition Scheme - Late Fee - GSTR-1 - Taxscan

The Central Board of Indirect Taxes and Customs ( CBIC ) has notified the waiver of late fee of all pending Form GSTR-1 from July 2017 to November 2019.

In the 38th meeting of the GST Council meeting waived of a late fee to be given all taxpayers in respect of all pending Form GSTR-1 from July 2017 to November 2019, if the same is filed by January 10th, 2020.

GSTR-1 is a monthly return that summarizes all sales (outward supplies) of a taxpayer. GSTR-1 is a monthly return that summarizes all sales (outward supplies) of a taxpayer.

The due dates for GSTR-1 are based on your turnover. Businesses with sales of up to Rs. 1.5 crore will file quarterly returns. Other taxpayers with sales above Rs. 1.5 crores have to file monthly return.

To Read the full text of the Notification CLICK HERE
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