New
Delhi, Oct 24: Giving major relief to tax payers, Union Finance Minister
Arun Jaitley on Tuesday announced late fee waiver for those who filed returns
after the deadline under Goods and Services Tax (GST). Late GST return filing
fees in the August-September period will now be reimbursed. Mr Jaitley tweeted,
“To facilitate taxpayers, late fee on filing of GSTR-3B for Aug & Sept has
been waived. Late fee paid will be credited back to taxpayer ledger.” Since
roll out of GST on July 1, 2017, compliance in filing returns was reportedly
low as only half the number of assesses filed summary returns under GST for
September. As per data released by the Finance Ministry in August, the number
of returns filed were even lower at 29.7 lakhs only. GSTR 3B is summary returns
of sale and input purchases filed by assessees to pay taxes by the deadline of
20th of the following month. UNI
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