The government has waived the late fees for Annual return GSTR – 4 (filled by Composition tax payer) for Financial year 2021-22 by Notification no. 07/2022-Central Tax, dated 26.5.2022. As per the notification, the form can be filed from 1st day of May 2022 to 30th day of June 2022 without payment of Late fees, otherwise the due date of form was 30th day of April 2022, following the end of the financial year 2021-2022.
The late fees for delay in filing form GSTR – 4 is Rs. 50 CGST and Rs. 50 SGST for each day of delay, maximum late fees can be Rs. 2000, where the tax liability is nil and Rs. 5000 where tax liability is not nil.
The notification released by the government regarding this issue is late. The registered persons who filed the form after 30th April 2022, before this notification had paid the late fees. There is no provision for these tax payers in the notification.
