GST Council to consider late fee waiver for past GST returns: CBIC

CBIC holds out hope for taxpayers, states that the  issue of waiver of Late Fees applicable on non-filing of GST Returns for period from August 2017 to January 2020 will be taken up for discussion in next GST Council meeting; Highlights that Government has already announced extension of GST returns of February, March, April and May 2020 till June 2020 for helping the small businesses having turnover less than Rs. 5 crore in the current situation arising out of COVID-19, ...