Press Information Bureau of Government of India has issued Press Release containing Recommendations of 43rd GST Council meeting held on 29th May, 2021.

Due to unpresidential condition in country Ministry of Finance has come up with Second Amnesty Scheme for filing pending GSTR 3B form July 2017 for Late Fees of delayed filing of GST Return.

Meeting also recommends for Capping of Late Fees prospectively.

Brief summary of the same is as under.

(1) Late fees reduced (Capped) for non-furnishing GSTR 3B for the tax periods from July, 2017 to April, 2021

Sr NoParticularMaximum Late Fees
1For Nil Return
(In case Taxpayer have No Tax Liability
Maximum of Rs 500/-
(Rs. 250/- each for CGST & SGST) Per Return
2For Regular Return
(In case Taxpayer having Tax Liability)
Maximum of Rs 1000/-
(Rs. 500/- each for CGST & SGST) Per Return

Note: For availing benefit of reduced Late Fees Taxpayer needs to file GSTR 3B between 01.06.2021 to 31.08.2021

(2) Late Fees of Form GSTR 3B and FORM GSTR-1 to be capped, per return from the Current Quarter (prospective) align late fee with tax liability/ turnover of the taxpayers

Sr NoParticularMaximum Late Fees
1For Nil Return
(In case Taxpayer have No Tax Liability)
Maximum of Rs 500/-
(Rs. 250/- each for CGST & SGST) Per Return
2For Regular Return
(In case Taxpayer having Turnover upto Rs 1.5 crore)
Maximum of Rs 2000/-
(Rs. 1000/- each for CGST & SGST) Per Return
3For Regular Return
(In case Taxpayer having Turnover between Rs 1.5 crore to Rs 5 crore)
Maximum of Rs 5000/-
(Rs. 2500/- each for CGST & SGST) Per Return
4For Regular Return
(In case Taxpayer having Turnover above Rs 5 crores)
Maximum of Rs 10000/-
(Rs. 5000/- each for CGST & SGST) Per Return

(3) Late fees reduced (Capped) for GSTR 4 by composition taxpayers to for the tax periods from July, 2017 to April, 2021 

Sr NoParticularMaximum Late Fees
1For Nil Return
(In case Taxpayer have No Tax Liability
Maximum of Rs 500/-
(Rs. 250/- each for CGST & SGST) Per Return
2For Regular Return
(In case Taxpayer having Tax Liability)
Maximum of Rs 2000/-
(Rs. 1000/- each for CGST & SGST) Per Return

(4) Late fee payable for delayed furnishing of FORM GSTR-7 for TDS 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.

+1