Jaitley waves off late fee on filing of GSTR-3B for August, September

New Delhi : Union Finance Minister Arun Jaitley has announced to waive off late fee on the filing of GSTR-3B for August and September . The late fee paid will be credited back to the taxpayer's ledger .

"To facilitate taxpayers, late fee on filing of GSTR-3B for Aug & Sept has been waived . Late fee paid will be credited back to taxpayer ledger," Jaitley said on Twitter .

Earlier, The Ministry of Finance notified that there will be no further extension of the last date for filing GSTR-1 for the month of July 2017, urging the last-minute taxpayers to file their returns immediately .

"The last date for filing GSTR-1 for the month of July 2017 is October 10 . An extension of two months has already been given . There will be no further extension given to taxpayers for filing their GSTR-1 return for July . Taxpayers who have not yet filed their GSTR-1 for July are advised to do so immediately," a release by the ministry stated earlier .

It further noted that once the taxpayer files GSTR-1, the corresponding entries in GSTR-2A of his buyer shall get auto-populated .

The buyer shall then finalize his GSTR-2 after making modifications (additions, corrections or deletions), if required, in GSTR-2A . The ITC shall be availed by the buyer based on his GSTR-2, it noted .