CBIC Removed Late Fee on Furnishing GSTR 4 & GSTR 10 Form

Central Board of Indirect Taxes and Customs (CBIC) waived off the penalty or late fee which needed to be paid by the registered taxpayer if he/ she failed to furnish the return in Form GSTR-10 Get to know the fast learning guide to GSTR 10 along with easy online return filing procedure and original screenshots. Also, we add its eligibility, filing due date, penalty provisions, etc. This form is related for those who want to cancel GST registrations and FORM GSTR-4 in prescribed due time.

Regarding Late fee applicable on FORM GSTR-10, Section 47(1) of the CGST Act states that if a registered person fails to file the required time in the prescribed due time then the person has to pay a late fee of ₹ 100 for each day such failure continues. The total amount of such late fees can go up to a maximum of ₹ 5000.

Whereas for Form GSTR-4 notification Learn the GSTR 4 form filing online step by step procedure for composition scheme taxpayers. Also, we have attached GSTR-4 format for easy understanding of the Government of India in the Ministry of Finance (Department of Revenue), No. 73/2017– Central Tax, released on December 29, 2017 states that If a registered person failed to furnish Form GSTR 4 (Return of Composition Dealer) on or before the due date, then a late fee revised to ₹ 25/ day and for NIL return the late Fee is ₹ 10 per day.

In this Provision, a proviso which states “provided also that late fee payable under section 47 of the said Act, shall stand waived which is in excess of two hundred and fifty rupees and shall stand fully waived where the total amount of central tax payable in the said return is nil, for the registered persons who failed to furnish the return in FORM GSTR-4 for the quarters from July, 2017 to March, 2020 by the due date but furnishes the said return between the period from 22th day of September, 2020 to 31st day of October, 2020,” will be inserted.

Thus if a person failed to furnish the return in GSTR-4 Form on or before the due date for the quarters between July 2017 to March 2020, but furnishes the same in between the period September 22, 2020, to October 31 2020 then it will not attract any late fee.

A return needs to be furnished in FORM GSTR-10 by a registered person whose GST RegistrationGet to know the complete GST registration procedure online on the Indian government GST portal official website. We have explained by the actual screenshot of every step has been cancelled or surrendered. It is a statement of stocks held by such a taxable person on the day before the date from which cancellation is made effective.

The Central Board of Indirect Taxes and Customs waived off the late fee applicable under Section 47 of CGST Act, which is more than Rs 250 for registered persons who fail to file the return in Form GSTR-10 on or before the due date, but filed the return between September 22, 2020, to December 31, 2020. CBIC has eliminated the late fee on furnishing FORM GSTR-10 and FORM GSTR-4 to provide relief to GST registered persons/ taxpayers in the wake of the COVID-19 pandemic

Read Central Tax Official Notification

Notification No. 68/2020 for GSTR 10

Notification No. 67/2020 for GSTR 4