The CBIC has notified the much-anticipated amnesty scheme through Central Tax Notifications dated 31st March 2023. Recently in February 2023, the GST Council in its 49th meeting recommended implementing GST amnesty scheme for taxpayers who have not yet filed GSTR-4, GSTR-10 and GSTR-9 of the past financial years and also suggested providing relief to those taxpayers whose GST registrations were cancelled, by allowing them more time to revoke such cancellations.
Please find herewith the overview of notifications for your perusal:
|Who Can Avail the Benefits
|Benefits of Scheme
|Composition taxable person who did not file the GSTR 4 for quarters July 2017 to march 2019 and for FY 2019 -20 to FY 2021 -22
If the pending returns are filed between 01st April 2023 to 30th June 2023, late fee shall be a INR 250 for CGST and SGST each for each return.
In case of Nil liability, the late fee shall be waived off completely.
|Taxpayer whose GST registration is cancelled by GST officer for not filling the return for the continued period of 6 month, or fail to conduct the business for continues period of 6 month from the date of registration. On or before the 31st dec-2022
|Registered taxpayer can file REG 21 on or before 30th June 2023 but before that he has to file all the returns till the effective date of cancellation along with tax, interest, late fees and penalty if any in respect of such returns
|Taxpayer who default to file the GSTR 1/3B/4 within 30 days from the service of the assessment order issued on or before the 28th Feb 2023
|The return shall be furnished on or before 30th June 2023 and the same shall be paid along with interest as per section 50 and late fee as per section 47
|Realization of late fees for GSTR-9
The registered person can file the GSTR 9 at concessional late fees as follows for FY 2022-23 onwards
|Registered regular taxpayer mandated to file GSTR-9 From FY 17-18 To FY 21-22 but not filed the return on respective dates
|Pending GSTR-9 for FY 2017-18 to FY 2021-22 can be filed at concessional late fee of INR 10,000 for CGST and SGST each between 01st April 2023 to 30th June 2023.
|Taxpayers whose GST registration is cancelled but Final Return in GSTR-10 is not filed within the due date
|Maximum late fee of INR 250 for CGST and SGST each shall be levied on filing of GSTR 10 between 01st April 2023 to 30th June 2023.