Govt waives off penalty on delayed filing of initial GST return

The government today waived off penalty on delayed filing of initial Goods and Services Tax (GST) returns for the months of August and September.

In a tweet, Finance Minister Arun Jaitley said, the decision to waive off late fee on filing of GSTR-3B for last two months has been taken to facilitate taxpayers. He said, the late fee which has been already charged to businesses will be credited back to taxpayers’ accounts.

The government had earlier waived late fee for delayed filing of the maiden returns for the month of July under the GST regime.

Businesses have been demanding that the government waives penalty for delayed filing of 3B returns.

As per the data, around 56 lakh GSTR-3B returns were filed for July, 51 lakh for August and over 42 lakh for September.

Preliminary returns GSTR-3B for a month is filed on the 20th day of the next month after paying due taxes.

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