Late fees for GSTR 10 restricted to Rs. 500

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In our previous post we had discussed that CBIC has restricted and even waived late fees for GSTR 4 in certain case.

Now, vide notification 68/2020, CBIC has restricted late fees for GSTR 10 as well to Rs. 250 CGST (total late fees would be Rs. 500), if the same is filed after due date but between 22.09.2020 and 31.12.2020.

It is important to note that here there is no waiver of late fees in case of Nil GSTR 10.

Text of notification is as under:

“In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the said Act), the Government, on the recommendations of the Council, hereby waives the amount of late fee payable under section 47 of the said Act which is in excess of two hundred and fifty rupees, for the registered persons who fail to furnish the return in FORM GSTR-10 by the due date but furnishes the said return between the period from 22th day of September, 2020 to 31st day of December, 2020.”

What is GSTR 10?

A taxable person whose GST registration is cancelled or surrendered has to file a return in the form of GSTR-10. This return is called as final return.

When to file GSTR 10?

GSTR 10 must be filed within 90 days from the date of cancellation order.

To read full notification CLICK HERE.

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