Background:
The CBIC vide Notification No. 73/2017 – Central Tax dated December 29, 2017 (as amended) to provide various waiver of late fee for delay in furnishing Form GSTR-04 (i.e., Quarterly return for registered person opting for composition levy) including waiver of late fee for the Financial Year 2021-22 for the period from May 01, 2022 till June 30, 2022.
Recently, the GST Council’s 47th meeting was held in Chandigarh on June 28th and 29th, 2022 under the chairmanship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman recommended to extend the waiver of late fee for delay in filing Form GSTR-04 for Financial Year 2021-22 till July 28, 2022.
The above-mentioned recommendation has been notified vide following notification:
Notification:
The CBIC vide Notification No. 12/2022- Central Tax dated July 05, 2022 amended sixth proviso to Notification No. 73/2017 – Central Tax dated December 29, 2017 (as amended) to extended the waiver of late fee for delay in furnishing Form GSTR-04 for Financial Year 2021-22 till July 28, 2022.
The Sixth proviso now reads as under:
“Provided also that the late fee payable for delay in furnishing of FORM GSTR-4 for the Financial Year 2021-22 under section 47 of the said Act shall stand waived for the period from the 1st day of May, 2022 till the 28th day of July, 2022”
The Notification can be accessed at: https://taxinformation.cbic.gov.in/view-pdf/1009415/ENG/Notifications
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