Notification No. 20/2021
Date: June 1, 2021
Subject: Rationalisation of late fee for delay in furnishing FORM GSTR-1.
Description:
Maximum late fee payable for delay in furnishing FORM GSTR-1 is capped based on aggregate turnover and nature of supplies. Separate limits are prescribed for nil outward supplies and other registered persons. The rationalised late fee applies prospectively.
Effective Date:
1 June 2021
Previous Notification:
Notification No. 4/2018 – Central Tax dated 23.01.2018