As per 43rd GST Council meeting which was held on 28 May 2021, we are going to do analysis of GST Amensty Scheme & Relaxations in due dates of GST Returns. Today we will discuss GST Amensty Scheme and new due dates for Month of March, April and May 2021-
Amnesty Scheme is for providing relief to taxpayers regarding late fee for pending returns:
- To provide relief to taxpayers ,late fees for non-filling GSTR-3B for tax –periods July 2017-Apri l2021 has been reduced as under-
- For taxpayers having nil tax liability- Late fees capped to maximum of Rs 500 (Rs 250 CGST /RS 250 SGST)
- For other taxpayers Late fees capped to maximum of Rs 1000 (Rs 500 CGST /RS 500 SGST)
- But above capping would apply if GSTR-3B RETURNS filed between- 01 June 2021 to 31 August 2021
For prospective tax periods late fees under section 47 has been rationised as under-
| Class of Taxpayer | Maximum Late fees Per Return | Maximum Amount |
| Nil Tax liability in GSTR-3B/GSTR-1 | Rs. 500 | Rs. 250 (CGST)/Rs. 250(SGST) |
| Turnover up to INR 1.5 crore | Rs. 2,000 | Rs. 1,000 (SGST)/Rs. 1,000(CGST) |
| Turnover up to INR 1.5 crore – INR 5 crore | Rs. 5,000 | Rs. 2,500( SGST)/Rs. 2,500 (CGST) |
| Turnover above INR 5 crore | Rs. 10,000 | Rs. 5,000 (SGST)/Rs. 5,000 (CGST) |
- For Composition Taxpayers– Late fees capped to Rs. 500 (Rs. 250 CGST/Rs. 250 SGST) per income tax return if tax liability nil and for other tax payer Rs. 2,000 (Rs. 1000 SGST /Rs. 1000 CGST) per return.
- Due to COVID -19- Relaxations to taxpayers in GST RETURNS
For Monthly GSTR-3B-
| Month | Class of Taxpayer | Original Due Date | First 15 days from due date | Interest Rate | Next 15 days | Interest Rate | Late fees waived if filed till |
| March 2021 | Aggregate Annual turnover in F.Y 2019-20 more than INR 5 Crores | 20 April 2021 | 05 May 2021 | 9% | From 06 May 2021 | 18% | 05 May 2021 |
| April 2021 | 20 May 2021 | 04 June 2021 | 9% | From 05 June 2021 | 18% | 04 June 2021 | |
| May 2021 | 20 June 2021 | 05 July 2021 | 9% | From 06 July 2021 | 18% | 05 July 2021 |
| Month | Class of Taxpayer | Original Due Date | First 15 days from due date | Interest Rate | Next 15 days | Interest Rate | Late fees waived if filed till |
| March 2021 | Aggregate Annual turnover in F.Y 2019-20 more than INR 5 Crores | 20 April 2021 | 05 May 2021 | nil | From 06 May 2021 to 19 June 2021 | 9% | 19 June 2021 |
| April 2021 | 20 May 2021 | 04 June 2021 | nil | From 05 June 2021 to 04 July 2021 | 9% | 04 July 2021 | |
| May 2021 | 20 June 2021 | 05 July 2021 | nil | From 06 July 2021 to 20 July 2021 | 18% | 20 July 2021 |
- QRMP GSTR-3B– for quarter ending march 2021-late fess waived if return filed till 21 June 2021/23 June 2021 depending upon group A/group B states and interest also charged nil for 15 days and thereafter reduced to 9 % till 21 June 2021/23 June 2021
- FOR PMT-06 CHALLAN-(QRMP SCHEME)
- AApril 2021 –due date 25 May 2021
- Interest rate nil for 15 days till 09 June 2021 and for next 30 days i.e. till 09 July 2021 -9 % and thereafter 18%
- May 2021- due date- 25 June 2021
- Interest rate nil for 15 days till 10 July 2021 and for next 15 days i.e. till 25 July 2021 -9 % and thereafter 18%