GSTR-10 Final Return Late Fee Amnesty Scheme

The CBIC has vide Central Tax Notification 8/2023 dated 31st March, 2023 announced to provide a waiver of late fees for taxpayers who file their GSTR-10 Final Returns before the deadline under the amnesty scheme, as recommended by the GST Council.

GSTR-10 Final Return Late Fee Amnesty Scheme

The maximum late fee is restricted to Rs 1000 (Rs 500 CGST + Rs 500 SGST) under the amnesty scheme for Final Return in FORM GSTR-10 if GSTR-10 is furnished between April 1 and June 30, 2023, i.e. late fee above Rs 1,000 has been waived u/s 47.

This notification provides significant relief to businesses that may have accumulated substantial late fee liabilities due to non-compliance with the requirement to file final return in Form GSTR-10. Now they can file such return within the specified deadline and take advantage of waiver of late fee beyond Rs 1,000.

CBIC Central Tax Notification 8/2023 dated 31/03/2023: GSTR-10 Final Return Late Fee Amnesty Scheme

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Extension of Deadlines for GST Amnesty Schemes till 31st August 2023

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  1. Vijay Gupta

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