CBEC has issued notification 73/2017 dated 29.12.2017 under which late fees for delayed filing of Return GSTR-4 for composition dealers.
As per notification ,if composition Dealer's turnover is Nil then late fees for GSTR-4 will be charged 20 per day and in case of other composition dealers (other than Nil return ) late fees will be charged @ Rs 50 per day.
As per Notification 41/2017 dated 13.10.2017 ,due date to file GST return for Composition dealer in Form GSTR-4 for the period July-17 to September-17 was 24.12.2017.
Earlier The Central Government vide Notification No. 64/2017-Central Tax dated November 15, 2017 has reduced the per day penalty for delay in filing of return in Form GSTR-3B from October 2017 onwards in the following manner:
Till September, 2017
From October, 2017
Rs. 200 per day
Rs. 20 per day
Rs. 200 per day
INR 50 per day
- 1) Late fees prescribed above is total of both CGST and SGST/UTGST law
- 2) The penalty for late filing of returns for the month of July, August and September has already been waived off and refunds are being credited to taxpayers online GST account. Furthermore, it has been decided that where any such late fees were paid, it will be re-credited to the electronic cash ledger under the 'tax head' instead of 'fee head' so as to enable the taxpayers to use that amount to discharge their future tax liabilities.
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) [Central Board of Excise and Customs] Notification No. 73/2017 – Central Tax New Delhi, the 29th December, 2017
G.S.R……(E):- In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the said Act), the Central Government, on the recommendations of the Council, hereby waives the amount of late fee payable under section 47 of the said Act, by any registered person for failure to furnish the return in FORM GSTR-4 by the due date, which is in excess of an amount of twenty five rupees for every day during which such failure continues:
Provided that where the total amount payable in lieu of central tax in the said return is nil, the amount of late fee payable under section 47 of the said Act, by any registered person for failure to furnish the said return by the due date shall stand waived to the extent which is in excess of an amount of ten rupees for every day during which such failure continues.
[F. No. 349/58/2017-GST(Pt.)]