The Central Board of Indirect Taxes and Customs ( CBIC ) has again extended the waiver of late fee of all pending Form GSTR-1 from July 2017 to November 2019 till January 17th, 2020.
Earlier, the GST council in its 38th meeting on 18th Dec 2019 had recommended that late fee chargeable on the filing of statements of output supplies in Form GSTR-1s, be waived for the GSTR-1 pertaining to period July, 2017 to Nov 2019 if the same is filed by 10/01/2020.
In a Tweet, the Finance Ministry said that, the response to this waiver has been very encouraging and since the announcement on 18.12.2019, 54 lakhs GSTR-1 have gotten filed till 09.01.2020. On average, only about 25 lakh monthly GSTR-1 get filed.
In the view of such a huge response, which would lead a reduction in unmatched credit, it has been decided to extend the said amnesty scheme from 10th January 2020 to 17th January 2020.
