Kindly refer important updates below:
- Amnesty scheme capping late fee on delayed filing of Form GSTR-3B for the tax period July 2017 to April 2021 on or before 31.08.2021
Due to the epidemic caused by second wave of Covid-19, many taxpayers were not able to get their returns filed on time. Due to this delay, they are going to suffer loss by way of incurring late fee under section 47 of the GST Act. In order to mitigate this hardship, Government has notified an amnesty scheme on 1st June 2021 vide Notification No. 19/2021 CT. As per this notification, –
Registered persons who failed to furnish the return in FORM GSTR-3B, for the months /quarter starting from July, 2017 till the tax period April, 2021, by the due date but furnish the said return between the period from the 1st day of June, 2021 to the 31st day of August, 2021, the total amount of late fee under section 47 of the CGST Act-2017, shall stand waived which is in excess of five hundred rupees and in case where the total amount of central tax payable in the said return is nil, the total amount of late fee shall stand waived which is in excess of two hundred and fifty rupees.
To take the benefit of amnesty scheme registered persons have to file their returns on or before of 31st August 2021.
- Blocking / Unblocking of functionality to file Form GSTR-1 activating w.e.f. 01.09.2021 on GSTN portal
Rule 59(6) of CGST Rules, 2017 introduced vide NN 01/2021 CT dated 01.01.2021 provided the restrictions on furnishing the details of outward supplies in Form GSTR-1/IFF on portal if return in Form GSTR-3B is not filed in following cases”
- For monthly taxpayers, return has not been filed for preceding two months
- For quarterly taxpayers, return has not been filed for preceding tax period (previous quarter)
However, said functionality was not yet activated on GST portal till date. It has been proposed to made active w.e.f. 01.09.2021. This functionality will work as under:
- System will show an error message at the time of submission of Form GSTR-1 if the conditions of Rule 59(6) are not fulfilled.
- Facility to furnish Form GSTR-1/IFF would be restored automatically when conditions of the said rule are fulfilled. There would no interface with the assessing officer.
