CBIC vide notification no. 67/2020 dt. 21.09.2020 has waived late fees of GSTR 4 for quarters from July, 2017 to March, 2020 in case of Nil return and will be restricted to Rs. 250 CGST (total late fees would be Rs. 500) in any other case if the return is filed between 22.09.2020 to 31.10.2020.
We have seen similar approach for GSTR 3B also for which due date is ending on 30.09.2020.
Text of notification is as under:
“after the second proviso, the following proviso shall be inserted, namely: –
“Provided also that late fee payable under section 47 of the said Act, shall stand waived which is in excess of two hundred and fifty rupees and shall stand fully waived where the total amount of central tax payable in the said return is nil, for the registered persons who failed to furnish the return in FORM GSTR-4 for the quarters from July, 2017 to March, 2020 by the due date but furnishes the said return between the period from 22th day of September, 2020 to 31st day of October, 2020.”.
To read full notification CLICK HERE.
It is important to note that from 01.04.2019, GSTR 4 was converted into annual return from quarterly return and for which due date has been already extended to 31.10.2020.