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Informative

CBIC notifies Late Fee Waiver for GST TDS Return Form GSTR-7 for June, 2021 onwards

Update / Judgement Date

09 Oct 2024

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Corporate ComplianceFinancial ManagementGST

The Central Board of Indirect Taxes and Customs (CBIC) notified a waiver of late fees for the belated filing of GST TDS Return Form GSTR-7 for the month of June 2021 onwards. The waiver applies to late fees exceeding ?25 per day, with a maximum cap of ?1,000. This notification aims to reduce the financial burden on taxpayers and encourage timely compliance.