CBIC Waives Late Fees for TDS Filers u/s 51 of CGST Act on Delayed GSTR-7 Filings Since June 2021

The CBIC has issued Notification No. 23/2024, dated October 8, 2024, waiving the late fee for delays in filing FORM GSTR-7 from June 2021 onwards. The waiver applies to registered persons obligated to deduct TDS under section 51 of the CGST Act. The late fee is capped at ?25 per day, with a maximum of ?1,000. For months with no tax deducted, the late fee is fully waived. This notification, effective November 1, 2024, aims to reduce the financial burden on TDS filers and encourage timely compliance. Businesses are advised to consult with tax professionals to ensure compliance with the updated provisions.