Waiver of Late Fees Under Section 47 of the Central Goods and Services Tax Act Notified

Notification No.:23/2024-Central Tax

Date: 8th October 2024

Relevant Act / Rule: Goods and Service Tax Act, 2017

The Central Government has issued a notification waiving late fees for registered persons required to deduct tax at source under the Central Goods and Services Tax (CGST) Act, 2017.

Specifically, the late fee for failing to file the GSTR-7 return for June 2021 and onwards is waived beyond ₹25 per day, with a cap of ₹1,000 total. Additionally, if the total central tax deducted at source for a month is nil, the late fee is entirely waived.

This notification will take effect on November 1, 2024.

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