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 Rs 500/- (Rs. 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 Rs 1000/- (Rs. 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 June 01, 2021 to August 31, 2021.

The Press Release can be accessed at: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1722578