Late fee waived till 30th June for delayed filing of GSTR-4

CBIC on Thursday (26th May 2022) waived late fees for two months till June for delayed filing of GST returns for financial year 2021-22 by small taxpayers registered under the composition scheme.

The Central Board of Indirect Taxes and Customs (CBIC) in the notification said that late fee shall be waived from May 1 to June 30, 2022, for delay in filing GSTR-4 for 2021-22 fiscal.

GSTR-4 is filed annually by the taxpayers registered under the composition scheme.

According to GST law, Rs 50 per day is charged as a late fee for delay in filing GSTR-4. However, where the total amount of tax payable is nil, a maximum of Rs 500 can be imposed as late fee. For all other cases, the maximum fee that can be charged is Rs 2,000.

Official copy of the said notification has been mentioned below

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
New Delhi

Notification No. 07/2022 - Central Tax | Dated: 26th May, 2022

G.S.R. 397(E). - In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue), No. 73/2017–Central Tax, dated the 29^th December, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 1600(E), dated the 29^th December, 2017, namely:–

In the said notification, after the fifth proviso, the following proviso shall be inserted, namely: –

"Provided also that the late fee payable for delay in furnishing of FORM GSTR-4 for the Financial Year 2021-22 under section 47 of the said Act shall stand waived for the period from the 1^st day of May, 2022 till the 30^th day of June, 2022."

[F. No. CBIC-20006/8/2022-GST]
RAJEEV RANJAN, Under Secy.

Note: The principal notification No. 73/2017-Central Tax, dated 29^th December, 2017 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 1600(E), dated the 29^th December, 2017 and was last amended vide notification number 21/2021 – Central Tax, dated the 1^st June, 2021, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R 365 (E), dated the 1^st June, 2021.