GST Library

Login | Register

Best GST Library

Contact Us

Subscription Plans

GST News | Updates

GST Calendar

GST Diary

GST Case Laws

GST Case Laws Sitemap

GST Notifications, Circulars, Releases etc.

Act & Rules

Act & Rules (Multi-view)

Act & Rules (E-book)

GST Rates

GST Rates (E-book)

HSN Classification

GST Council Meetings

GST Set-off Calculator

ITC Reversal Calculator

E-invoice Calculator

Inverted Duty Calculator

GSTR-3B Manual

GSTR-9 Manual

GSTR-9C Manual

GST Forms

Full Site Search

E-way Bill

Finance Bill

GST Evasion in India

GST Videos

About Us

Contact Us

Our Services

GST e-books
GST Domains Sale
TaxReply India Pvt Ltd
®
Subscribe Free GST updates on...

Join on twitter

Join GST Group 120

GST Late Fee Waiver - Right or Wrong?

Recent decision of GST Council taken in the 40th council meeting for complete waiver of late fee for nil returns and capping of Rs. 500 pm for othes from July 2017 to Jan 2020 has opened the room for debate over the issue. There are three class of taxpayers with different views on the issue.

 

1. Those who file their returns well before time.

Those who always file their returns in time are not happy with the decision of council. Such class of taxpayers always feel discouraged and demotivated whenever government announces any such waiver shceme. They feel that their timely compliance is not appreciated by government.

2. Those who have filed their returns after due date by paying huge penalty.

Those who filed their returns by paying huge late fees are strongly opposing this decision of council. They are the ones, who have paid penalty out of their hard earned money in govenrment treasury. Such taxpayers demand that they should also get the benefit of waiver and their money should be refunded.

3. Those who have not filed their returns yet.

Those who have not filed their returns till now are quite happy with the decision for obvious reasons.


Best-in-class
Digital GST Library
Plan starts from
₹ 3,960/-
(For 1 Year)
Checkout all Plans
Unlimited access for
365 Days
✓ Subscribe Now
Author:

TaxReply


Jun 17, 2020

Comments


Right decision, but late decision. Govt already collected unfair late should be refunded or adjusted on tax payable. 40th council meeting decision should be continued for No late fee for Nil return and Rs.500 on tax liability cases.
By: K.sankar | Dt: Jun 17, 2020
↳
Replied to K.Sankar
Late fees waiver July 2017 to Jan 2020 but today as we are going to file GST R-3 B peirod of Dec 2019 for nill filing then late fee to be chargeable here....pls suggest me that waiver fee/no fee ...when it will be applicable w.e.f
By: Naresh Chauhan | Dt: Jun 17, 2020
Totally wrong decision again regarding late fee and against the natural justice. Now the taxpayers who had filed their returns timely or with penalty and intrest due to some reasons those taxpayers are totally disappointed and many of my clients said to me its clear now we can also do the same thing because this government will again do the same thing in future. So we come to conclusion that this decision is not proper and if they are strict to do so then refund all the penalty intrest along with intrest because when government is taking intrest on any such type of liability then why the taxpayers compromise. I my view the petition should be filed against this step or the alternate prayer to the H'ble Court is that to direct them refund all the penalties or intrest paid by the taxpayers should be refunded
By: Adv Rizwan Momin | Dt: Jun 18, 2020
A wrong decision as it will demotivate the honest disciplined taxpayers as well as refund of late fees will be a cumbersome process and a wastage of revenue and time for the authority.
By: Sumit Kumar Chakraborty | Dt: Jun 19, 2020
People already paid late fees nearly as.2000 to 5000 so govt not penalising or collecting amount now waiving off.it is very wrong decision.people will not interested to file returns in due dates.
By: Lakshminarayana | Dt: Jun 19, 2020
This is Great Dicision By Government. Many tax payers Awaiting this kind waiver late fees Scheem.....Because Now Day Trade Sector Suffering Many Problems. Like Corona..... And economic Problem.......Thank you
Deepanshu Chaturvedi ADVOCATE
By: Deepanshu Chaturvedi | Dt: Jul 14, 2020


Post your comment here !

Login to Comment


GST News (Updates)


☛   Read more GST updates...

19
Apr
S
M
T
W
T
F
S
20 Apr

☑ Monthly | GSTR-3B

GSTR-3B for the m/o Mar 2024 (Monthly Taxpayer - Rule 61) - Either Compulsory taxpayer > 5 cr. or Voluntary taxpayer < 5 cr.

☑ Monthly | GSTR-5A

GSTR-5A for the m/o Mar 2024 [Return by OIDAR Service Providers - Rule 64.]

22 Apr

☑ Quarterly | GSTR-3B

GSTR-3B for the Quarter Jan - Mar 2024 (QRMP Taxpayer < 5 Cr - Rule 61) - Category I States.

* State Category I - Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana or Andhra Pradesh or the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands and Lakshadweep.

24 Apr

☑ Quarterly | GSTR-3B

GSTR-3B for the Quarter Jan - Mar 2024 (QRMP Taxpayers < 5 Cr - Rule 61) - Category II States.

* State Category II - Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha or the Union territories of Jammu and Kashmir, Ladakh, Chandigarh and Delhi.

25 Apr

☑ Half-Yearly | ITC-04

ITC-04 for the half year (Oct - Mar 2024) (For taxpayers > 5 Cr. Turnover) - Rule 45.

☑ Annual | ITC-04

ITC-04 for the FY 2023-24 (For taxpayers upto 5 Cr. Turnover) - Rule 45.

28 Apr

☑ Monthly | GSTR-11

GSTR-11 for the m/o Mar 2024 (Statement of inward supplies by persons having Unique Identification Number (UIN)).

30 Apr

☑ Annual | GSTR-4

GSTR-4 (Annual Return) for FY 2023-24 by Composite Taxpayer (Rule 62).

☑ Quarterly | QRMP

Last date for opt-in / opt-out QRMP Scheme for quarter Apr - June 2024 (Rule 61A)