Goods & Service Tax (GST) 17 October 2026
GST Council Waives Late Fees for Small Taxpayers
The 57th GST Council has approved a waiver of late fees for small taxpayers with an annual turnover up to ₹5 crore, provided they file their GSTR‑3B by the end of the filing period. No penalty will be charged, easing cash flow for micro and small businesses.
Key points:
- Small taxpayers (turnover ≤ ₹5 cr) face zero late fee if GSTR‑3B is filed by deadline.
- Decision from 57th GST Council aims to ease cash flow.
- Applies only to delayed returns submitted within the filing window.
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