LATE FEE WAIVED FOR FORM GSTR-4

As per the recent notification 07 of central GST council the late fees which was charged for form GSTR-04 has been waived from 01^st May 2022 to 30^th June 2022.

Now the question raises regarding GSTR-04

What is GSTR-4?

GSTR-4 is being filed by composition dealer once in a year by 30^th April following a financial year.

GSTR-4 is only for Composition dealers whose turnover is below 1.5 Crore and secondly it also covers those persons who are covered under special composition scheme notified for service providers vide CGST notification number 2/2019 from FY 2019-20

Information regarding Late Fees and Penalty ?

As per updates a late fees of Rs 50 per day will be charged as maximum upto 2000 and in case of Nil Return Maximum late fees is Rs 500

https://cacmacsyouth.com/wp-content/uploads/2022/07/notfctn-07-central-tax-english-2022-1.pdfjsessionidBB9F610AE1970258911FD195D8CE49C5-1.pdf