Big News for Businessmen: Late Fee Will be Exempted on GST Return Till June, Central Government Confirms

 The Central Board of Indirect Taxes and Customs has issued a notification dated 26th of May, 2022 stating that businesses registered under composition scheme that couldn’t file their annual return (GSTR-4) for the previous financial year will be exempted from the late fees for two months. The due date of filing GSTR-4 for financial year 2021-22 was 30th of April, 2022. As per the notification, businesses registered under the composition scheme will not have to pay the late fee till 30th June, 2022 for filing of their annual form GSTR-4 for the financial year 2021-22.

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