The Ministry of Finance has issued Notification No. 23/2024, waiving late fees for registered persons required to deduct tax at source under section 51 of the Central Goods and Services Tax Act, 2017. This waiver applies to those who failed to submit their GSTR-7 returns for the month of June 2021 and onwards by the due date. Specifically, the late fee exceeding twenty-five rupees per day is waived, with the total waiver capped at one thousand rupees. Furthermore, if a registered person has nil central tax deducted at source for a particular month, the entire late fee will be waived. This notification supersedes the previous one from June 1, 2021, and will take effect on November 1, 2024.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
New Delhi
Notification No. 23/2024–Central Tax | Dated: 8th October, 2024
S.O. 4374(E).—In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the said Act), and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue), Central Board of Indirect Taxes and Customs published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (i) vide number G.S.R. 366(E), dated the 1 June, 2021 (No.22/2021-Central Tax), except as respects things done or omitted to be done before such supersession, the Central Government, on the recommendations of the Council, hereby waives the amount of late fee payable under section 47 of the said Act by any registered person, required to deduct tax at source under the provisions of section 51 of the said Act, for failure to furnish the return in FORM GSTR-7 for the month of June, 2021 onwards, by the due date, which is in excess of an amount of twenty-five rupees for every day during which such failure continues:
Provided that the total amount of late fee payable under section 47 of the said Act by such registered person for failure to furnish the return in FORM GSTR-7 for the month of June, 2021 onwards, by the due date, shall stand waived which is in excess of an amount of one thousand rupees:
Provided further that the total amount of late fee payable under section 47 of the said Act by the registered person, who fails to furnish the return in FORM GSTR-7 for a month by the due date, where the total amount of central tax deducted at source in the said month is nil, shall stand waived.
2. This notification shall come into force on the 1st day of November, 2024.
[F. No.CBIC-20006/20/2023-GST]
RAGHAVENDRA PAL SINGH, Director
