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Writer's pictureShubham Goyal

40th Meeting of the GST Council, New Delhi



Reduction in Late fee for past Returns

Late fee for non-furnishing FORM GSTR-3B for the tax period from July, 2017 to January, 2020 has been reduced / waived as under:

  • 'NIL' in case person has no Tax Liability.

  • Maximum of 'Rs 500' per return in case person has any Tax Liability.

This reduced rate of late fee would also be applicable for all the GSTR-3B returns furnished between 01/July/2020 to 30/September/2020.


Relief for small taxpayers for late filing of Returns for February, March & April 2020 Tax periods

For small taxpayers (having aggregate turnover up to Rs 5 crore), for the supplies effected in the month of February, March and April, 2020, the rate of interest for late furnishing of return for the said months beyond specified dates (staggered up to 6th July, 2020) is reduced from 18% p.a. to 9% p.a. till 30.09.2020.


In other words, for these months, small taxpayers will not be charged any interest till the notified dates for relief (staggered up to 6th July, 2020) and thereafter 9% p.a. interest will be charged till 30.09.2020.


Relief of late fee & interest to small taxpayers for May, June & July 2020 Tax periods

In wake of COVID-19 pandemic, for small taxpayers (having aggregate turnover up to Rs 5 crore), further relief is provided by waiver of late fees and interest if the returns in FORM GSTR-3B for the supplies effected in the months of May, June and July, 2020 are furnished by September, 2020 (staggered dates to be notified).


One time extension in period for persons seeking revocation of cancellation of GST registration

To facilitate taxpayers who could not get their cancelled GST registrations restored in time, an opportunity is being provided for filing of application for revocation of cancellation of registration up to 30.09.2020, in all cases where registration have been cancelled till 12.06.2020.

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