COVID 19 RELAXATION GST DUE DATE EXTENDED FOR TAMILNADU

Government of India Waived Late fee for Delayed filing of gst returns instead of extending due dates for filing GST returns. The move had helped dealers to file gst returns with in the allowed dates and avoid late fee.

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

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

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

 

 

 

 

 

What it means to dealers ?

Dealers are given one time benefit to make ease of business , Dealer who had defaulted filing of returns from july 2017 are most advantageous as the same amount in lakhs due to 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 tax liability and registration is cancelled can re activate gst number just be filing nil returns with out any late fee till current period and apply 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 from filing revocation application after filing return up to date and apply for revocation of gst registration.

 

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