Taxpayer Relief: Late Fees Waiver for this GST Return

Attention Taxpayers!
The Central Board of Indirect Taxes and Customs (CBIC) has addressed concerns regarding late fees charged for filing Nil GSTR-7 returns. As per Notification No. 23/2024-Central Tax, dated October 8, 2024, no late fee is required for Nil GSTR-7 filings starting from the October 2024 return period.

This significant change brings relief to taxpayers who were earlier burdened with late fee charges, even when their returns reported no transactions (Nil filings).

Understanding GSTR-7 and Nil Filings

What is GSTR-7?

• GSTR-7 is a return form filed by taxpayers who are required to deduct Tax Deducted at Source (TDS) under GST.
• It includes details of TDS deducted, the liability payable, and TDS deposited.

What is a Nil GSTR-7 Filing?

• A Nil GSTR-7 return is filed when there are no transactions or TDS deductions during the filing period.

Steps to File Nil GSTR-7 Without Late Fee

1. Log in to the GST Portal.
2. Navigate to Services > Returns > File Returns.
3. Select the GSTR-7 return form for the relevant tax period.
4. Enter details as required and submit the form.
5. File using DSC/EVC without the need for late fee payment.

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