Filing of GST Returns on due dates is very important in GST regime which not only ensures seamless flow of Input tax credits but also to keep the GST Registration active.
Due to various reasons, if you have not filed your GST returns for any months between July 2017 to April 2021, here is an opportunity for your to come good. Many GST Registered persons had skipped filing Late GST Returns owing to the fact that they had to pay huge Late fees (Rs. 200/- per day of delay).
Those registered persons can now make use of the GST Amnesty scheme announced by the GST Department.
As per decisions made in the GST Council, a Notification (Notification No. 19/2021 – Central Tax dtd 01st June 2021) was issued for the benefit of large number of taxpayers who had missed to file their GST Returns regularly. A concession in the Late fees payable was announced under this GST Amnesty scheme.
Due to pandemic this scheme which was originally applicable and was providing concessional Late fees if the returns were filed between 01st Jun 2021 to 31st Aug 2021. This scheme is further extended till 30th Nov 2021. (Vide Notification No 33/2021 issued on 29th August 2021)
This is seen as a last opportunity for taxpayers who have missed to file their GST Returns on due dates , which will benefit them with a reduced late fees.
Apart from the above concession of reduced late fees, the above said notification also provides an opportunity for persons whose GST Registrations had been cancelled earlier by the GST department. Those people can make use of this opportunity and make an application to revoke the cancellation of their GST Registrations.
The concession in the late fees payable is as below :-
| S. No. (1) | Class of registered persons | Max Late fees Amount (Rs.) |
1 | Registered persons whose total amount of central tax payable in the said return is nil | Rs. 500 /- (Rs. 250 each under CGST and SGST) |
| 2 | Registered persons having an aggregate turnover of up to rupees 1.5 crores in the preceding financial year, other than those covered under S. No. 1 | Rs. 2000/- (Rs. 1000 each under SGST & CGST) |
| 3 | Taxpayers having an aggregate turnover of more than rupees 1.5 crores and up to rupees 5 crores in the preceding financial year, other than those covered under S. No. 1 | Rs. 5000/- (Rs. 2500 each under SGST & CGST) |
Make use of this opportunity and clear all your pending GST Returns with a reduced Late fees.
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