“The late fee levied even on late filing of ‘NIL’ returns (where no tax is payable) was a pain point for the economic agents of the country.”

The CBEC provided some relief to GST tax payers on Tuesday, waiving the late fee levied on the GSTR 3B returns filed for the months of August and September. This move followed a large outcry by taxpayers who were slapped with late filing fee, even if they had no intention to delay return filing. GSTR-3B is a provisional return introduced by CBEC that allows tax payers to provisionally calculate ...