43rd GST Council Meeting dated 28-05-2021 – Proposals.


Part 1: Late fees exemptions and revised ceiling limits:

S. No.Scheme/ReliefConditionsAmount of Relief
1Amnesty scheme_ exemption of late fees for delay in filing Form GSTR-3BExemption period: From July 2017 till April 2021   Returns should be filed during 01st June 2021 till 31st August 2021Nil tax liability in return, maximum late fee payable/return is Rs. 500 (Rs.250, CGST and SGST each).   Other cases, maximum late fee payable/return is Rs. 1,000 (Rs.250, CGST and SGST each)  
2Going forward, late fee on Form GSTR-3B and Form GSTR-1Capping of maximum late fee payableNil tax liability in Form GSTR-3B or Nil outward supply in Form GSTR-1, maximum late fee payable/return is Rs. 500 (Rs.250, CGST and SGST each     Other cases: Turnover in preceding year is up-to Rs. 1.5 crores; maximum late fee payable/return is Rs. 2,000 (Rs.1,000, CGST and SGST each)   Turnover in preceding year is b/w Rs. 1.5 to 5 crores; maximum late fee payable/return is Rs. 5,000 (Rs.2,500, CGST and SGST each)   Turnover in preceding year is more than 5 crores; maximum late fee payable/return is Rs. 10,000 (Rs.5,000, CGST and SGST each)
3Going forward, late fee on Form GSTR-4 (return by composition tax payer)Nil tax liability in return, maximum late fee payable/return is Rs. 500 (Rs.250, CGST and SGST each).   Other cases, maximum late fee payable/return is Rs. 2000 (Rs.1,000, CGST and SGST each)  
4Going forward, late fee on Form GSTR-7 (return of tax deducted at source) Late fee reduced to Rs. 50/day and maximum Rs. 2,000/return (Rs. 1,000 CGST and SGST each).

Shikhar Verma, Article Assistant,

ShineWing India