The Government has issued a new notification waiving late fees for delayed filing of Form GSTR-7, with full waiver for Nil GSTR-7 returns. The new notification also supersedes the previous notification, which had earlier reduced late fees to Rs. 50 per day (Rs. 25 each under CGST and SGST) and capped them at Rs. 2,000 from June 2021 onwards. In the new notification, these previous late fee waivers are re-notified. This notification shall be effective from 1st November 2024.
[Notification No. 23/2024–Central Tax dated 08.10.2024]
