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CBIC Waives Off Late Fee On Failure To Furnish The Return In FORM GSTR-10

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The Central Board of Indirect Taxes and Customs (CBIC) vide its notification dated 21st September, 2020 has waived off the late fee payable for failure to furnish the return in Form GSTR-10.

As per section 47(1) of the CGST Act, any registered person who fails to furnish the requisite returns by the prescribed due date shall pay a late fee of Rs 100 for every day during which such failure continues. Such a fee is subject to a maximum amount of Rs 5,000.

The Board has waived the amount of late fee payable under section 47 of the Act which is in excess of two hundred and fifty rupees, for the registered persons who fail to furnish the return in FORM GSTR-10 by the due date but furnishes the said return between the period from 22th day of September, 2020 to 31st day of December, 2020.

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