New Delhi: The government on Tuesday waived penalty on delayed filing of initial GST returns for the months of August and September.
"To facilitate taxpayers, late fee on filing of GSTR-3B for August and September has been has been waived," Finance Minister Arun Jaitley tweeted.
He said that the late fee which has been already charged to businesses will be credited back to taxpayers' accounts.
The government had earlier waived late fee for delayed filing of the maiden returns for the month of July under the Goods and Services Tax (GST) regime.
Businesses have been demanding that the government waives penalty for delayed filing of 3B returns.
As per the data, 55.87 lakh GSTR-3B returns were filed for July, 51.37 lakh for August and over 42 lakh for September. Preliminary returns GSTR-3B for a month is filed on the 20th day of the next month after paying due taxes.
As per the data with the GST Network (GSTN), a huge chunk of businesses file their returns after the expiry of the due date.
While only 33.98 lakh July returns were filed till the due date, the number has now gone up to 55.87 lakh. Similarly for August 28.46 lakh returns were filed till the last date, but the figure went up to 51.37 lakh later. Also for September while 39.4 lakh returns were filed by the due date, the number is rising and was over 42 lakh till on Monday.
The GST law provides for a nominal fee of Rs 100 per day on Central GST and an equivalent amount on State GST in case of late filing of returns and payment of taxes.
Goods and Services Tax which amalgamates over a dozen taxes, including excise duty and service tax, was rolled out on July 1.
GST collections at Rs 92,150 cr in Sept
New Delhi: The government has collected Rs 92,150 crore as Goods and Services Tax (GST) in September from 42.91 lakh businesses, the finance ministry said on Tuesday.
Of this, Rs 14,042 crore is on account of Central GST, while State GST is to the tune of Rs 21,172 crore.
Integrated GST collections stood at Rs 48,948 crore, of which Rs 23,951 crore was on account of imports.
"The total revenue of Goods and Services Tax paid under different heads (up to October 23, 2017) for the month of September 2017 is Rs 92,150 crore," finance ministry said in a statement.
Collection under compensation cess stood at Rs 7,988 crore, of which Rs 722 crore is compensation cess from imports in September.
Till Monday 42.91 lakh business entities had filed initial GSTR-3B returns for September.
As per the data available, GST collections for the maiden month of July were over Rs 95,000 crore, while for August the figure was over Rs 91,000 crore.
September was the third month of GST roll out.