Why does the Govt decide to Unfair waive off of late fees for filing past returns
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Does GST Late Fee past return Waiver decision – Correct or Incorrect?
GST Council’s recent decision at the 40th Council meeting on the comprehensive waiver of the late fee for nil returns and the capping of Rs. 500 pm for others from July 2017 to Jan 2020 has decided to open the room for debate on the matter. Unfair waiving of late GST fees at a recent council meeting. There are three taxpayer categories, with separate views on the issue.
1. All who submit their returns far right on time.
Those who file their returns on the schedule are not satisfied with the decision of the Council. When any such waiver program is declared by the legislature, such a class of taxpayers still feels depressed and demotivated. We think the government does not respect their prompt action.
2. All would have filed their returns by paying large fines after the due date.
Those who lodged their returns by paying tremendous late fees firmly condemn the committee decision. They are the ones who paid the punishment for their hard-earned money in the treasury of government. These taxpayers are requesting that they both benefit from the waiver and that repayment of their funds is provided.
3. People who have not yet filed their returns.
Anyone who has not yet filed their rates of return is very satisfied with the choice for precisely that reason.
Regards
India Financial Consultancy Corporation Pvt Ltd.(IFCCL)
www.caindelhiindia.com
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