GST Amnesty Scheme appeals applicable till 31st January 2024
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Announced as a measure to pardon delays in filing GST appeals, the special amnesty scheme aims to provide a lifeline for those who have disagreed with a GST tax demand order.
Individuals who fail to file their returns face fines in the form of late fees as a penalty. For delayed submission of the GSTR 3B, the late fee amounts to ?50 per day. In scenarios involving State Goods and Services Tax (SGST) and Central Goods and Services Tax (CGST) with tax liabilities, the fine is ?25 per day.
For instances with no tax liability in SGST or CGST, the late fee stands at ?10 for each, totalling ?20 per day. However, under the Amnesty scheme, there's a possibility of relief from these penalties.
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