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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 akku0994@gmail.com)
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