Govt Reduces Amount of Late Fee Payable for delay in Filing GSTR-3B from October [Read Notification]
![Govt Reduces Amount of Late Fee Payable for delay in Filing GSTR-3B from October [Read Notification]](https://www.taxscan.in/wp-content/uploads/2017/11/GSTR-3B-Late-Fee-Taxscan.jpg "Govt Reduces Amount of Late Fee Payable for delay in Filing GSTR-3B from October [Read Notification]")
The Central Government today notified the new rate of penalty amount payable for delayed filing of return in FORM GSTR-3B from October, 2017 onwards subject to a condition that where the total amount of central tax payable in the said return is nil. Granting relief to the tax payers, the GST Council, on last Friday has decided that from October 2017 onwards, the amount of late fee payable by...
The Central Government today notified the new rate of penalty amount payable for delayed filing of return in FORM GSTR-3B from October, 2017 onwards subject to a condition that where the total amount of central tax payable in the said return is nil.
Granting relief to the tax payers, the GST Council, on last Friday has decided that from October 2017 onwards, the amount of late fee payable by a taxpayer whose tax liability for that month was ‘NIL’ will be Rs. 20/- per day (Rs. 10/- per day each under CGST & SGST Acts) instead of Rs. 200/- per day (Rs. 100/- per day each under CGST & SGST Acts).
To Read the full text of the Notification CLICK HERE