Waiver/reduction of late fees for filing of GSTR-4 for the period of July 2017 to March 2019*
CBIC vide notification no 67/2020 dated 21st September 2020, has fully waived late fees payable in respect of filing of NIL GSTR-4 (Return by Composition dealer) for the period of July 2017 to March 2019* if such pending returns are filed between 22nd September 2020 to 31st October 2020.
However, late fees for GSTR-4 with tax liability late fees restricted to Rs.500/- per return.
The notification provides big relief to composition dealers who have not filed GSTR-4 returns since July-2017.
*Vide CORRIGENDUM No (G.S.R. 577(E)) to notification 67/2020-CGST issued on 22nd September 2020 .
Summary of the Notification 67/2020-CGST dated 22/09/2020
| Form | For any Tax period of the FY | Late fees, if Tax liability is NIL | Late fees, in case of any Tax Liability |
|---|---|---|---|
| GSTR-4 (Quarterly Return) | 2017-18 & 2018-19 | No late Fee | Rs 500 per return (Rs 250 for CGST & Rs 250 for SGST) |
