GSTR 1 Late Fee Waiver Scheme [India]

GSTR 1 Late Fee Waiver Scheme [India]


CBIC vide notifications no 43 and 44 of Central Tax dated 10th Sept,18 extended the due date for filing GSTR 1 (Details of outward supplies) for the period July, 2017 to September, 2018 to 31st October, 2018.


This Scheme will Give:
- Relief from late fee for registered persons who could not file returns since inception of GST, 1st July 2017.
- More time available in resolving Input tax credit mismatches in GSTR 2A.
- Relief from GST returns during the Tax Audit period
- More time available for finding of mismatches between GSTR 1 vis a vis GSTR 3B and Books
- More time for Rectification of GSTR 1 available.


DUE DATE FOR TURNOVER ABOVE 1.5 Cr.
July,17 to Sept,18: 31st Oct, 2018
Oct,18 onwards: 11th of Next month


DUE DATE FOR TURNOVER BELOW 1.5 Cr.
July,17 to Sept,18: 31st Oct,18
Oct,18 to Dec,18: 31st Jan,19
Jan19 to March,19: 30th April,19