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One Time Waiver GST late fee

Finance Ministry has launched One-Time scheme to waive off late fee payable for delayed filing of Form GSTR-1.
The Finance Ministry said in the press release that, “the number of taxpayers who have filed FORM GSTR-3B is substantially higher than the number of taxpayers who have furnished FORM GSTR-1.
Non-furnishing of FORM GSTR-1 is liable to late fee and penalty as per the provisions of the GST law.
In order to encourage taxpayers to furnish FORM GSTR-1, a one-time scheme to waive off late fee payable for the delayed furnishing of FORM GSTR-1 for the period from July 2017 to September 2018 till 31.10.2018 has been launched.

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