The government today waived off penalty on delayed filing of initial Goods and Services Tax (GST) returns for the months of August and September. <br/><br/>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.<br/><br/>The government had earlier waived late fee for delayed filing of the maiden returns for the month of July under the GST regime.<br/><br/>Businesses have been demanding that the government waives penalty for delayed filing of 3B returns.<br/><br/>As per the data, around 56 lakh GSTR-3B returns were filed for July, 51 lakh for August and over 42 lakh for September.<br/><br/>Preliminary returns GSTR-3B for a month is filed on the 20th day of the next month after paying due taxes.
News On AIR | October 24, 2017 8:37 PM
Govt waives off penalty on delayed filing of initial GST returns for August, September