Govt waives off late fee payment under GSTR filings for August, September

Govt waives off late fee payment under GSTR filings for August, September

Govt waives off late fee payment under GSTR filings for August, September

The GST was implemented across the country in place of more than a dozen central and state levies like excise duty, service tax and VAT was implemented from July 1. The government is now planning to credit the late fine which has been charged to taxpayers back to their accounts.

The government has clarified that the individuals and businesses will not have to pay any penalty for the delay in filing GST returns for August and September. The move comes in the wake of the GST Council providing interim relief to exporters early this month after teething troubles with GST and the absence of a refund processing system resulted in a strangulation of working capital flows.

"To facilitate taxpayers, late fee on the filing of GSTR-3B for August and September has been waived. Late fee paid will be credited back to taxpayer ledger", Jaitley informed.

India's Goods and Services Tax (GST) collections in September totalled Rs 92,150 crore and were collected from 42.91 lakh businesses, the government announced on Tuesday.

The last date for payment of GST as well as filing of GSTR 3B return for the month of September 2017 was 20th October, 2017. Compliance in filing returns was reportedly low as only half the number of assesses filed summary returns under GST for September.


In an interview to PTI, Pandey had said the GSTN system was stable and was handling data at just 30 per cent of its capacity with 20 lakh returns being uploaded in past two days.

According to publicly available data, the GST portal saw 55.87 returns filed for the month of July, 51.37 lakh returns for August and 42 lakh returns for the month of September.

In August the number of returns filed were even lower at 29.7 lakh only.

The customs department will then tally the information with the shipping bill data and also the taxes paid in GSTR-3B.

Further, IGST revenue of Rs. 48,948 crore consists of Rs. 23,951 crore from imports in September 2017, the Ministry noted. The refund amount would be either credited to exporter's bank account through ECS or a cheque would be issued.

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