India’s Finance Minister “Nirmala Sita Raman Ji” introduced a new scheme to reduce the late fees levied on all taxpayers under which the amnesty scheme was introduced to reduce the tax liabilities of all taxpayers so that the minimum for all taxpayers The amount can be levied under which all taxpayers will have to pay their tax and file all their returns and after using this scheme all the late fees levied on them will be waived.
Amnesty scheme relief taxpayers from July 2017 to April 2021. regarding late fees & pending returns.
For taxpayers having nil tax liability in GSTR-3B or nil outward supplies in GSTR-1, the late fee to be charge at Rs 500 ( 250 CGST & 250 SGST)
| GST | LATE FEES | PAY TAX |
| GSTR-3B | 500 (CGST 250 & SGST 250) for every returns | In case of NIL liabilities |
| GSTR-3B | 1000 (CGST 500 & SGST 500) for every returns | In case of You have any Liabilities |
The late fee for delay in furnishing of FORM GSTR-3B and FORM GSTR-1 in case of NIL return
In case of NIL return Taxpayers:- If the taxpayers who have no output in GSTR3B and GSTR1 have zero returns, they will have to pay Rs 500 to the government in this case. In which there is 250 CGST and 250 SGST, the taxpayers have to pay this amount in all the returns.
The late fee for delay in furnishing of FORM GSTR-3B and FORM GSTR-1 in case of other then NIL return.
In the case of other:- In this case, the taxpayer has to pay all taxes and late fees on his total turnover. Which we are showing as a table
| GST | Annual Aggregate Turnover (AATO) | LATE FEES | SGST | CGST |
| GSTR-1/GSTR-3B | 1.5 Crore | 2000 | 1000 | 1000 |
| GSTR-1/GSTR-3B | Between Rs 1.5 crore to Rs 5 crore | 5000 | 2500 | 2500 |
| GSTR-1/GSTR-3B | above Rs 5 crores | 10000 | 5000 | 5000 |
What is GSTR-4:- A firm with an annual total turnover of up to 1.5 crores can opt for such a firm composition scheme.
Note*** GSTR-4(Composition scheme) late fees in case of NIL return {GST amount 500 (250 CGST & 250 SGST)} This amount will be paid by each return, Other than case {GST amount 2000 (1000 CGST & 1000 SGST)} This amount will be paid by each return.
| GST | RETURNS | LATE FEE |
| GSTR-4 | In the case of NIL | 500 every return (CGST 250 & SGST 250) |
| GSTR-4 | Other | 2000 every return (CGST 1000 & SGST 1000) |
COVID-19 related relaxations.
- Extension of the due date of filing GSTR-1/ IFF for the month of May 2021 by 15 days.
- Extension of the due date of filing GSTR-4 for FY 2020-21 to 31.07.2021.
- Extension of the due date of filing ITC-04 for QE March 2021 to 30.06.2021.
Special notes****** You cannot use the input tax credit before the financial year 2020-2021 in your returns.
Special notes******Amnesty Scheme Applicable on 01-06th-2021 to 31th-08-2021.