On 28th May’2021, Friday GST council’s 43rd meeting took place which was long due from February ’2021. So, after a gap of about 7 months (last held in Oct’20) finally the meeting took place.

In the meeting finance minister Mrs. Nirmala sitharaman also announced about “Amnesty scheme” along with few other things. There were lot of speculations around this scheme and finally the scheme is out.

The word “Amnesty” is derived from Greek word “Amnestia” meaning forgetfulness. So, “Amnesty” can be defined as a forgiveness extended by government to a class of people who are subject to trial but have not yet been convicted or putting it into simple words when government release a class of persons from the legal consequences of an offence.

In GST context, Amnesty scheme aims to provide relief to taxpayers regarding late fee for pending returns. This scheme will remain valid from 01.06.2021 to 31.08.2021.

Those taxpayers who are registered under GST and has not filed their returns, GSTR-3B for the tax periods from July, 2017 to April, 2021 can avail the benefit of this scheme.

To provide relief to the taxpayers, late fee for non-furnishing FORM GSTR-3B has been reduced / waived.

The late fee can now be maximum upto:-

♦ Rs 500/-(Rs. 250/- each for CGST & SGST) per return for taxpayers, who did not have any tax liability for the said tax periods;

♦ Rs 1000/-(Rs. 500/- each for CGST & SGST) per return for other taxpayers.

The important point to be considered in mind is that The reduced rate of late fee would apply only if GSTR-3B returns for these tax periods are furnished between 01.06.2021 to 31.08.2021.

The Press release has not clarified anything about the taxpayers who have already paid the late fee along with the returns pending for the above periods.

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  1. Deepak Panchal says:

    Gst scheme annouced for the period jully 2017 to april 2021 in this period maximum no off peoples get somoto cancellation still they were running there business with same no. then how they get benifits of this schem.
    What they have supose to do?

  2. harikesh kumar says:

    sir i am file gstr 3b from april 2019 but may 2019 me late fees 10000 rs dikh raha hai vo kaise reset hoga pls help


      No, You can not revoke now as the time has been over. You can go for Appeal and restore the GSTIN and avail the reduced late fees with in the period from 01-06-2021 to 31-08-2021.

    2. Sagar Madaan says:

      Yes you can avail amnesty scheme and also you can revoke. I am tax consultant you can call me 8929114740 for more information

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June 2021