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

May, 29 2021
Indirect Taxation
By ASC Group

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: –

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

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