During July 2017-Feb 2021, Government has recovered excessive GST Late fee of Rs. 6500 Crore Rs.1500 Crore recovered during pandemic year 20-21. Quantum of late fee recovery suggests that GST Late fee has itself become a new levy for the Government.
Total GST Late Fees recovered are as follows
- July 2017-March 2018= 366.74 Crore
- April 2018-March 2019 = 2057.53 Crore
- April 2019-March 2020 = 2507.75 Crore
- April 2020- February 2021 = 1516.34 Crore
Total GST Late Fees Recovered till February 2021 is Rs. 6448.36 Crore