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GST Council meeting: Reduction in late fee for GST return filing; relief for small taxpayers

As a measure to clean up pendency in return filing, the GST Council has reduced/waived late fee for non-furnishing FORM GSTR-3B for the tax period from July, 2017 to January, 2020. There will be NIL late fee if there is no tax liability. Maximum late fee has been capped at Rs 500/per return if there is any tax liability. The reduced rate of late fee would apply for all the GSTR-3B returns furnished between 1.7.2020 to 30.9.2020. 

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