The 49th GST Council Meeting was held on 18th February 2023 in New Delhi under the Chairmanship of Finance Minister Nirmala Sitharaman. This meeting is being conducted within a span of three weeks from the Union Budget 2023.
The GST Council has inter-alia made the recommendations on the Amnesty Scheme in respect of the following pending returns –
- GSTR 4 – Annual Return of Composition Taxpayers
- GSTR 9 – Annual Return of Regular Taxpayers
- GSTR 10 – Final Return
This recommendation will provide relief to many taxpayers by way of conditional waiver/ reduction of late fees.
The Press Release can be accessed at: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1900376