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No penalty on delayed filing of initial GST returns for August, September.

No penalty on delayed filing of initial GST returns for August, September.

Johnson Cherian.
The Union government on Tuesday waived penalty on delayed filing of initial Goods and Services Tax (GST) returns for August and September.
“To facilitate taxpayers, late fee on filing of GSTR-3B for August and September has been waived,” Finance Minister Arun Jaitley tweeted.
The late fee that was charged to businesses would be credited back to taxpayers’ accounts, he said.
The government had waived late fee for delayed filing of the maiden returns for July under the GST regime.
Businesses have been demanding that the government waive penalty for delayed filing of 3B returns.
As per the data, 55.87 lakh GSTR-3B returns were filed for July, 51.37 lakh for August and over 42 lakh for September. Preliminary returns for GSTR-3B for a month is filed on the 20th day of the next month after paying due taxes.
As per the data with the GST Network (GSTN), a huge chunk of businesses file their returns after the expiry of the due date.
While only 33.98 lakh July returns were filed till the due date, the number has now gone up to 55.87 lakh. Similarly for August, 28.46 lakh returns were filed till the last date, but the figure went up to 51.37 lakh later.
Also, for September, while 39.4 lakh returns were filed by the due date, the number is rising and was over 42 lakh till October 23.
The GST law provides for a nominal fee of ₹100 a day on Central GST and an equivalent amount on State GST in case of late filing of returns and payment of taxes.
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