Deadline to avail waiver of late fee chargeable on GSTR-1 extended to 17 Jan
The GST Council had earlier set the deadline as 10 January The response to this waiver has been very encouraging and since announcement on 18 December, 54 lakhs GSTR-1 have gotten filed till 9 January, said FinMin
The Finance Ministry on Friday extended deadline to avail waiver of late fee chargeable on GSTR-1 pertaining to period from July 2017 to November 2019 from 10 January to 17 January.
The GST council in its 38th meeting on 18 December, 2019 had recommended that late fee chargeable on filing of statements of output supplies in Form GSTR-1, be waived for the GSTR-1 pertaining to period from July 2017 to November 2019 if the same are filed by 10 January.
The response to this waiver has been very encouraging and since announcement on 18 December, 54 lakhs GSTR-1 have gotten filed till 9 January. On average, only about 25 lakh monthly GSTR-1s get filed.
"In the view of such huge response, which would lead reduction in unmatched credit, it has been decided to extend the said amnesty scheme from 10 January to 17 January, "the Finance Ministry tweeted.
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