Power to waive penalty or fee or both [ section 128 ] - GST Ready Reckoner - GST

Power to waive penalty or fee or both As per section 128 provides for waiver of penalty leviable under section 122 or section 123 or section 125 or late fee payable under section 47 to those class of taxpayers or under such mitigating factors as notified by the Government. Various Waiver or Reduction in Late fee given by the government Late fee payable under section 47 of the said Act , by any registered person for failure to furnish the return in FORM GSTR-4 by the due date. [ Notification No. 73/2017 Central Tax Dated 29/12/2017 ] Late fee payable by any registered person for failure to furnish the details of outward supplies for any month/quarter in FORM GSTR-1 by the due date under section 47 of the said Act. [ Notification No. 4/2018-Central Tax Dated 23.01.2018 ] Late Fee payable by any registered person for failure to furnish the return in FORM GSTR-5 by the due date under section 47 of the said Act . [ Notification No. 5/2018 Central Tax Dated 23.01.2018 ] Late Fee payable by any registered person for failure to furnish the return in FORM GSTR-5A by the due date under section 47 of the said Act . For the between period 23.01.2018 to 07.03.2018 ] [ Notification No. 6/2018 Central Tax Dated 23.01.2018 ] Late fee payable by any registered person for failure to furnish the return in FORM GSTR-6 (i.e. ISD Return) by the due date under section 47 of the said Act . [ Notification No. 7/2018 Central Tax Dated 23.01.2018 ] Late fee payable by any registered person for failure to furnish the return in FORM GSTR-3B for the month of July, 2017 onwards by the due date under section 47 of the said Act [ Notification No. 76/2018-Central Tax Dated 31.12.2018 ] Seeks to specify the late fee payable for delayed filing of FORM GSTR-3B and fully waive the amount of late fees leviable on account of delayed furnishing of FORM GSTR-3B in specified cases. - 76/2018-Central Tax. [ Notification No. 76/2018-Central Tax dated 31.12.2018 ] Late fees in certain cases for the month of July, 2019 for FORM GSTR-1 and GSTR-6 provided the said returns are furnished by 20.09.2019. [ Notification No. 41/2019 Central Tax dated 31.08.2019 ] Late fees payable under section 47 of the said Act , for the registered persons who fail to furnish the return in FORM GSTR-10 (i.e. Final Return) by the due date but furnishes the said return between the period from 22nd day of September, 2020 to 31st day of December, 2020. [ Notification No. 68/2020 Central Tax Dated 21.09.2020 ] Late fee payable under section 47 of the said Act by any registered person, required to deduct tax at source under the provisions of section 51 of the said Act, for failure to furnish the return in FORM GSTR-7 (i.e. TDS) for the month of June, 2021 onwards. [ Notification No. 22/2021-Central Tax Dated 1st June 2021 ] Late fee referred to in section 47 of the Act, the registered persons who fail to furnish the final return in FORM GSTR-10 ( i.e. Final Return) by the due date but furnish the said return between the period from the 1st day of April, 2023 to the 31st day of August, 2023. [ Notification No. 08/2023 Central Tax Dated 31.03.2023 ] Late fee referred to in section 47 of the said Act in respect of the return to be furnished under section 44 (i.e. Annual Return ) of the said Act, for the registered persons who fail to furnish the return under section 44 of the said Act by the due date for any of the financial years 2017-18, 2018-19, 2019-20, 2020-21 or 2021-22, but furnish the said return between the period from the 1st day of April, 2023 to the 31st day of August, 2023 . [ Notification No. 07/2023 dated 31.03.2023 ] Waives the amount of late fee for delay in furnishing of Reconciliation Statement (GSTR-9C) referred to in section 47 of the CGST Act, [ Notification No. 08/2025 Central Tax dated 23.01.2025 ] Setting up of an IT Grievance Redressal Mechanism to address the grievances of taxpayers due to technical glitches on GST Portal. [ Circular No. 39/13/2018-GST dated 03.04.2018 ]