Amnesty scheme for GSTR-10 Final return announced by CBIC:
CBIC has vide notification no. 08/2023 Dt. 31.03.2023 announced an amnesty scheme for GSTR-10 non-filers whereby the late fees shall not exceed Rs. 1000. Relevant extract of notification is as under:
“In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby waives the amount of late fee referred to in section 47 of the Act, which is in excess of five hundred rupees for the registered persons who fail to furnish the final return in FORM GSTR-10 by the due date but furnish the said return between the period from the 1stday of April, 2023 to the 30th day of June, 2023.”
Amnesty scheme for GSTR-4 Final return announced by CBIC:
CBIC has vide notification no. 02/2023 Dt. 31.03.2023 announced an amnesty scheme for GSTR-4 non-filers whereby the late fees shall not exceed Rs. 500 and no late fees if tax payable is Nil. This scheme has been announced for quarter from July 2017 to March 2019 and from 2019-20 to 2021-22. Relevant extract of notification is as under:
“In the said notification, after the sixth proviso, the following proviso shall be inserted, namely: —“Provided also that the amount of late fee payable under section 47 of the said Act shall stand waived which is in excess of two hundred and fifty rupees and shall stand fully waived where the total amount of central tax payable in the said return is nil, for the registered persons who fail to furnish the return in FORM GSTR-4 for the quarters from July, 2017 to March 2019 or for the Financial years from 2019-20 to 2021-22 by the due date but furnish the said return between the period from the 1st day of April, 2023 to the 30th day of June, 2023.””
To read notification no. 08/2023 CLICK ME.
To read notification no. 08/2023 CLICK ME.
