Notification No.: 20/2021 – Central Tax
Date of Notification: 1st June 2021.
Relevant Sections and Rules
Central GST Act, 2017:
- Section 128 – Power to waive or reduce late fee.
- Section 47 – Late fee for delay in furnishing returns (context for the waiver).
CGST Rules, 2017:
- Not amended by this notification.
Integrated GST Act, 2017:
- Not applicable.
Amends:
- Notification No. 4/2018 – Central Tax (by inserting an additional proviso).
Summary of Notification
1) Late-fee rationalisation for GSTR-1 from June 2021 onwards:
For delays in furnishing FORM GSTR-1 for the tax period June 2021 onward (or quarter ending June 2021 onward for quarterly filers), late fee under Section 47 is capped—any amount in excess of the cap is waived—as per the following classes of registered persons:
- Nil outward supplies: cap ₹250 (under CGST).
- Turnover ≤ ₹1.5 crore (preceding FY): cap ₹1,000 (under CGST).
- Turnover > ₹1.5 crore and ≤ ₹5 crore (preceding FY): cap ₹2,500 (under CGST).
