"GST AMNESTY SCHEME" has been introduced to provide relief to taxpayers regarding "Late Fees" for pending Returns since July 2017 to April 2021 :
To provide relief to the taxpayers, Late Fees levied U/s 47 of the CGST Act 2017 for non furnishing FORM GSTR-3B for the tax periods from July, 2017 to April, 2021 has been reduced / waived as under :
(a). Late fees 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 i.e. "NIL RETURN FILERS."
(b). Late Fees capped to a maximum of "Rs 1000/- ( Rs. 500/- each for CGST & SGST) per
return" for other taxpayers i.e. "TAXPAYERS WITH GST LIABILITY."
Kindly note that the reduced rate of late fees U/s 47 of the CGST Act 2017 would apply if GSTR-3B returns for these tax periods are furnished between "01.06.2021 to 31.08.2021 ( 3 months time period )."
(C). Late fee payable for delayed furnishing of *_FORM GSTR-7_* ( TDS DEDUCTOR Return ) to be reduced to *_Rs.50/- per day (Rs. 25 CGST + Rs 25 SGST)_* and to be capped to a maximum of *_Rs. 2000/- (Rs.1,000 CGST + Rs. 1,000 SGST) per return._*
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