GST AMNESTY SCHEME 2021

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GST AMNESTY SCHEME 2021

Hurray....!😃

The big relief for the GST Tax payers yet again introduced by the Central Government. This may the last chance to utilize the opportunity. 

 So..What is in it..? Let's get started...

👉 Applicable for : GSTR 3B Returns pending.

👉 Applicability Period : JULY 2017 to APRIL 2021

💥Condition : Pending GSTR 3B Returns for the period from JULY 2017 to APRIL 2021 shall be filed between 01/06/2021 to 30/11/2021 (extended Date) as per Notification No. 33/2021, Central Tax, dt. 29/08/2021. Earlier it was till 31/08/2021 via Notification No. 19/2021, Central Tax, dt. 01/06/2021. 

What says this GST Amnesty Scheme..?  
Normally Amnesty means there should be something beneficial. Isn't it? YES. There are benefits in the scheme as regards LATE FEES which is always be a big liability and headache for the tax payers.

👌 REDUCTION IN LATE FEES : Somehow happy news...! 

Having Tax Liability as NIL : Maximum Late Fees capped (restricted) to Rs. 500/- PER RETURN. (CGST Rs. 250 + SGST Rs. 250)

Having any Tax Liability : Maximum Late Fees capped (restricted) to Rs. 1,000/- PER RETURN. (CGST Rs. 500 + SGST Rs. 500).

Bonus 👍 : Govt. has also allowed to apply for Revocation of Cancelled Application till 30/09/2021 for those taxpayers whose due dates falling between 01/03/2020 to 31/08/2021. 

So why to wait..?💪 If you want to be a passenger in the boat of business, there is another golden chance has been given to you. Therefore, grab the opportunity and come in to the streamline as regards GST liability. 

Your comments are welcome💙. You can share this article if anyone needs the information.


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