43 GST Council meeting has recommended capping of Late Fees of GSTR 3B Return for from the period from July, 2017 to April, 2021 (if filed from 01.06.2021 to 31.08.2021). Meeting his also recommended capping of Late fees Prospective Tax period for GST returns namely GSTR- 3B,  GSTR- 1, GSTR- 4 and GSTR- 7.

Period Forms Capping per Return Tax Liability Turnover
July, 2017 to April, 2021

(if filed from 01.06.21 to 31.08.21)

GSTR- 3B 500

(250-CGST + 250-SGST)

NIL Tax Liability NA
GSTR-3B 1000

(500-CGST+ 500-SGST)

Other than NIL tax liability NA
Prospective Tax period  

GSTR- 3B

500

(250-CGST + 250-SGST)

NIL Tax Liability NA
 

GSTR- 1

500

(ZSO-CGST + 2S0-SGST)

NIL outward supplies NA
GSTR- 3B or GSTR- 1 2000

(1000 CGST + 1000 SGST)

Other than NIL tax Liability Upto Rs. 1.5 Crore
GSTR- 3B or GSTR- 1 5000

(2500 CGST + 2500 SGST)

Other than NIL tax liability Between Rs. 1.5 to Rs.5 Crore
GSTR- 3 or GSTR- l 10000

(5000 CGST + 5000 SGST)

Other than NIL tax liability Above Rs. 5 Crore
GSTR- 4 500

(250-CGST + 250-SGST)

NIL Tax Liability NA
GSTR- 4 2000

(1000 CGST + 1000 SGST)

Other than NIL tax liability NA
GSTR-7 2000

(1000 CGST + 1000 SGST)

NA NA

Note: As per Press Release of 43rd Meeting of GST Council held on 28th May, 2021

(Submitted by CS Akanksha Aggarwal and can be reached at [email protected])

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