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Amnesty Scheme to Provide relief to Taxpayers Regarding late fee for Pending Returns

To provide relief to the taxpayers, late fee for non-furnishing FORM GSTR-3B for the tax periods from July, 2017 to April, 2021 has been reduced as under: –

  1. Late fee capped to a maximum of INR 500/- (INR 250/- each for CGST & SGST) per return for taxpayers, who did not have any tax liability for the said tax periods;
  2. Late fee capped to a maximum of INR 1,000/- (INR 500/- each for CGST & SGST) per return for other taxpayers;

Note: The reduced rate of late fee would apply if FORM GSTR-3B returns for these tax periods are furnished between 1st June, 2021 to 31st August, 2021.
Press Release can be accessed at: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1722578
 

 

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