Waiver of GST late fee to be discussed in next GST Council Meeting
Waiver of GST late fee to be discussed in next GST Council Meeting Waiver of GST late fee to be discussed in next GST Council Meeting In the recent past, tweets have been noticed by the Government on the issue of waiver of the late fee applicable on non-filing of GSTR 3B returns. The demands are largely for the waiver of late fee for the returns which were required to be filed from the beginning of Goods & Services Tax (GST) i.e. August 2017. It may be noted that for helping the small businesses having the turnover less than Rs 5 crore in the current situation arising out of COVID-19, Finance Minister Smt. Nirmala Sitharaman had already announced an extension of GST returns of February, March, April, and May 2020 till June 2020. No late fee will be charged for this period. Waiver of GST late fee to be discussed in next GST Council Meeting The current requests for waiver of late fee pertain to the old period (August 2017 to January 2020). It may be appreciated that the late fee is i