The late fee levied on the filing of GSTR 3B for july, the first month of implementation for the new tax regime, beyond the deadline has been waived off by the GST council. The decision of waiver is to provide some relaxation to the taxpayers in the transition period of the new tax regime instead of enforcing penal provisions for minor offences.

“The central government, on the recommendations of the council, hereby waives the late fee payable under section 47 of the central GST Act, for all registered persons who failed to furnish the return in FORM GSTR-3B for the month of July 2017 by the due date,” said a notification by the Central Board of Excise and Customs.

The late fee charged was Rs.100 per day until the return is filed from the due date of the said return.

Sources –Livemint

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