CBIC prescribes and extends the late fee waiver for certain classes of taxpayers in J&K

No Comments

The CBIC vide Notification No. 41/2019–CT dated August 31, 2019 had waived-off the late fee payable under section 47 for certain taxpayers for certain class of Returns. In the supra notification following amendments has been brought vide Notification No. 48/2019 – CT dated October 09, 2019:

  1. Late fee were waived for the registered persons whose principal place of business is in the State of Jammu and Kashmir, having aggregate turnover of more than 1.5 crore and filed GSTR-1 for the month of July, 2019, on or before the September 20, 2019. Now the date has been extended upto October 11, 2019.
  2. Following clauses have been further included for getting late fee waived off:
  • The registered persons whose principal place of business is in the State of Jammu and Kashmir, and having an aggregate turnover of more than 1.5 crore and filed GSTR-1 for the month of August, 2019, on or before October 11, 2019 i.e. later than normal due date of September 11, 2019
  • The registered persons whose principal place of business is in the State of Jammu and Kashmir, and required to deduct tax at source under the provisions of section 51 has filed GSTR-7 for the month of July and August, 2019, on or before October 10, 2019 i.e. later than normal due date of August 10, 2019 and September 10, 2019 respectively
  • The registered persons whose principal place of business is in the State of Jammu and Kashmir, and has filed GSTR-3B for the month of July and August 2019, on or before October 20, 2019 i.e. later than normal due date of August 20, 2019 and September 20, 2019 respectively

The Complete Notification can be accessed at: http://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-48-central-tax-english-2019.pdf;jsessionid=BD0A3EF66BF1C1E649FAC2347FE99A26