GST Amnesty Scheme, 2021
Taxpayers can now file their pending GST returns with lower amount of penalty. Finance Ministry has notified the GST Amnesty Scheme, 2021 to enable GST taxpayers to complete their pending compliance at a lower cost. The scheme is applicable to the taxpayers who have not filed GSTR-3B returns for any period between July, 2017 to May, 2021.
The reduced late fees for GSTR-3B returns are as follows:
| Particulars | Late fees |
| GSTR-3B Nil Return i.e. there is not tax liability | Maximum late fees is capped at Rs. 500/- per return (Rs. 250/- CGST & Rs. 250/- SGST) |
| GSTR-3B Return with tax liability | Maximum late fees is capped at Rs. 1,000/- per return (Rs. 500/- CGST & Rs. 500/- SGST) |
To avail the benefit, the returns are required to be filed between the period from 1st June, 2021 to 31st August, 2021. This is a one-time amnesty scheme.
To reduce the burden of late fees, there is a relaxation for the return periods from June, 2021 onwards as follows:
| Particulars | Late fees |
| GSTR-3B Nil Return i.e. there is not tax liability | Maximum late fees is capped at Rs. 500/- per return (Rs. 250/- CGST & Rs. 250/- SGST) |
| GSTR-3B Return with tax liability | |
| 1. Taxpayers having aggregate annual turnover in preceding financial year upto Rs. 1.50 Crores | Maximum late fees is capped at Rs. 2,000/- per return (Rs. 1,000/- CGST & Rs. 1,000/- SGST) |
| 2. Taxpayers having aggregate annual turnover in preceding financial year between Rs. 1.50 Crores upto Rs. 5.00 Crores | Maximum late fees is capped at Rs. 5,000/- per return (Rs. 2,500/- CGST & Rs. 2,500/- SGST) |
| 3. Taxpayers having aggregate annual turnover in preceding financial year above Rs. 5.00 Crores | Maximum late fees is capped at Rs. 10,000/- per return (Rs. 5,000/- CGST & Rs. 5,000/- SGST) |