The GST Council in its 38th meeting held on 18 December 2019 had announced a late fee waiver till 10 January 2020 as a one-time measure to enable taxpayers to clear the backlog of all GSTR-1 which have not been filed from July 2017 to Nov 2019.
A Spokesperson of the Excise and Taxation department said here today that in view of the waiver, taxpayers have been requested to clear any backlog of GSTR-1 by 10 January 2020. In case the taxpayers fail to use this opportunity, a late fee of Rs. 50 per day for non-filing of GSTR-1 up to a maximum of Rs. 10,000 per GSTR-1 will be levied as per existing provisions.
He said that the government further plans to block the facility of e-way bill facility for those tax payers who have not filed their FORM GSTR-1 for two tax periods. Since, it is also important that the credit taken by the recipients in their GSTR-3B matches with the details auto-populated in their GSTR-2A, it has been communicated to the recipients to urge their suppliers to file their GSTR-1 in time.
The Spokesperson said that the input tax credit to the recipient in respect of invoices or debit notes that are not reflected in his FORM GSTR-2A shall be restricted to 10 percent of the eligible credit available in respect of invoices or debit notes reflected in his FORM GSTR-2A.