The GST authority has recently given a huge relief to the taxpayers by waiving off the late fee payable on late filing of the GSTR-4 & GSTR-10 returns.
The Central Board of Indirect Taxes and Customs (CBIC) vide its notification 67/2020 – Central Tax has clarified that the late fee payable on late filing of GSTR-4 has been reduced and waived off in case of NIL return.
Similarly, the CBIC vide its notification 68/2020 – Central Tax has capped the maximum amount of late fee for GSTR-10 late filing.