The government of India Waived Late fees for delayed filing of GST returns instead of extending due dates for filing GST returns. The move helped dealers to file GST returns within the allowed dates and avoid late fees.

Late fee relaxation for all returns from July 2017 to July 2020

1. Maximum late fee is also reduced from Rs.10,000 to Rs.500.
2. No late fee for nil returns if filed before September 30, 2020.
3. Late fees for the months of March to July 2020 will be calculated from the date mentioned by the department for a late fee waiver.

Complete Late fee waiver for the months of February 2020 to July 2020 in the following cases. 

 

 

 

 

 

What does it mean to dealers?

Dealers are given one time benefit to make ease of business, Dealer who had defaulted on the filing of returns from July 2017 is most advantageous as the same amount in lakhs due to a reduction of late from Rs.10,000 to Rs.500 in case of tax liability and nil in case of no tax liability. So the dealer who does not have a tax liability and registration is cancelled.

Can re-activate the GST number just by filing nil returns without any late fee till the current period and applying for GST number re-activation.

GST late fee waiver and impact of GST registration cancellation revocation

In case GST registration is cancelled, dealers can now easily revoke the cancellation by filing a revocation application after filing a return up-to-date and applying for revocation of GST registration.