GST Notification 20/2021 | For delays in filing GSTR 1 of upcoming tax periods, late fees on small taxpayers is being rationalized basis the tax liability/ turnover of the taxpayers

GST Notification 20/2021-Central Tax ,dt. 01-06-2021

To reduce burden of late fee on small taxpayers, the upper cap of late fee is being rationalized to align late fee with tax liability/ turnover of the taxpayers, as follows:
Below late fees structure will be applicable in case of delay in filing GSTR 1 for upcoming tax periods

Refer the table below

Return type Maximum late fees cap per return Criteria
GSTR 1 Rs. 500
(Rs. 250 each for CGST and SGST)
Nil tax liability
Rs. 2000
(Rs. 1000 each for CGST and SGST)
Taxpayers having Annual Aggregate Turnover (AATO) in preceding year upto Rs 1.5 crore. (Not filing Nil return)
Rs. 5000
(Rs. 2500 each for CGST and SGST)
Taxpayers having Annual Aggregate Turnover (AATO) in preceding year between Rs 1.5 crore to Rs. 5 crores (Not filing Nil return)
Rs. 10000
(Rs. 5000 each for CGST and SGST)
Taxpayers having Annual Aggregate Turnover (AATO) in preceding year above Rs. 5 crores (Not filing Nil return)
Samaira Tolani

Samaira Tolani is a Chartered Accountant with 4 years of experience in Compliance and Financial Reporting. She is a GST expert, currently working with IRIS as GST Consultant . Before this, she was part of compliance team of Blue Star, Piramal Pharma and Novartis. A diploma holder in IFRS with ACCA, she loves listening to music, travelling and reading fiction.

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