In a recent twitter post on 01.06.20, CBIC has posted a Press note wherein they have said that they are receiving lots of queries relating to late fees for the period August 2017 to January 2020 and people have been demanding to waive the late fees.
It has been mentioned that Late fees is charged so that a disciplined is maintained and people follow the rules and if the late fees is waived it would be injustice with the honest and compliant taxpayers.
However they have said that decision would be taken only after a meeting with the GST council. Hence, we can expect an announcement on same in the next GST council meeting.
You can read the original tweet HERE.
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