Government scraps delayed GST returns filing penalty for August-September

  • Government scraps delayed GST returns filing penalty for August-September
24-10-2017 | Pratidin Bureau. |

In a major relief to taxpayers, Finance Minister Arun Jaitley today announced that the late fee on filing of the GST returns for the month of August and September would be waived off. Late GST return filing fees in the August-September period will now be reimbursed.

 

Compliance in filing returns was reportedly low as only half the number of assesses filed summary returns under GST for September. Only 39.4 lakh of the total 80 lakh assesses filed their GSTR 3B returns, a report by Business Standard pointed out in a report dated October 22

Meanwhile, the government has started the process of providing refunds to exporters for the month of August and September. GST Network CEO Prakash Kumar on Monday said that the GST portal will soon launch an online application for processing exporters’ refunds for Integrated GST (IGST) paid by them for August and September.

 

In August the numbers of returns filed were even lower at 29.7 lakh only. While in July the numbers stood at 18 lakh assesses who filed GSTR 3B.

Tags : GST returns filing GST returns penalty waived off GST GSTR


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