The Central Board of Indirect Taxes and Customs (CBIC) has notified a relief scheme waiving the portion of late fee specified under Section 47 of the Central Goods and Services Tax Act, 2017 that exceeds twenty-five rupees per day for delayed filing of Form GSTR-7.
Under this notification, deductors required to deduct tax at source under Section 51 who failed to submit returns in Form GSTR-7 for previous tax periods are granted conditional waiver of penalty and late fees, provided the pending returns are furnished within the notified compliance window. The total late fee payable under the Central Act for any given return covered under this scheme is capped at one thousand rupees.