Background:
The GST Council, in its 49th meeting held on February 18, 2023 had recommended an amnesty scheme for pending FORM GSTR-10 returns.
This scheme comes with a conditional waiver/ reduction of late fees.
Notification:
The CBIC has issued a notification giving effect to recommendations made by the GST Council vide Notification No. 8/2023-Central Tax dated March 31, 2023, whereby there is a waiver of late fee as prescribed in section 47 of the CGST Act, which is in excess of Rs. 1,000/- (CGST – Rs. 500 + SGST- Rs. 500) for the registered persons who fail to furnish the final return in FORM GSTR-10 by the due date but furnish the said return between the period from April 01, 2023 to June 30, 2023.
Hence, this Amnesty scheme for Final Return in FORM GSTR-10 has been provided if the said return is furnished in the period starting from April 01, 2023 to June 30, 2023 with a maximum payment of late fees of Rs 1,000/- (Rs 500 CGST + 500 SGST) only.
The Scheme for waiver of late fee for the FORM GSTR-10 is as follows:
|
S. No. |
Form | Years | Present Scheme | Waiver |
Condition |
||
|
Late fees |
Maximum Limit | Late fees |
Maximum Limit |
||||
|
1 |
GSTR – 10 | 2017-18
2018-19 2019-20 2020-21 2021-22 |
Rs. 200 per day* | Rs. 10,000* | Rs. 200 per day* | Rs. 1,000* |
File returns between April 01, 2023 to April 30, 2023 |
* CGST + SGST
The Notification can be accessed at: https://taxinformation.cbic.gov.in/view-pdf/1009690/ENG/Notifications