CBEC has notified that the late fee for Form GSTR-1, GSTR-5, GSTR-5A and GSTR-6 will now stand at ₹25 per day. Cases where the tax payer has a NIL tax liability, the fine amount shall be ₹10 per day. Earlier, the late fee for the above-mentioned forms was ₹50 per day (₹20 where tax liability was NIL). The change was recommended by the GST Council. The new rate is applicable from 25 January 2018.
Here are the official notifications:
- Revised Late Fee for GSTR-1
- Revised Late Fee for GSTR-5
- Revised Late Fee for GSTR-5A
- Revised Late Fee for GSTR-6