• Notification Date: 21-02-2023
• Notification No: N/A

Amnesty Schemes are Recommended in Pending Returns in FORM GSTR-4, FORM GSTR-9 and FORM GSTR-10

The 49th GST Council met under the Chairpersonship of Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman has introduced various recommendation relating to GST compensation, GST Appellate Tribunal, approval of the Report of Group of Ministers (GoM) on Capacity Based Taxation and Special Composition Scheme in certain Sectors on GST, recommendations relating to GST rates on Goods and Services and other measures for facilitation of trades. The finance minister also, recommend Amnesty in respect of pending returns in FORM GSTR-4, FORM GSTR-9 and FORM GSTR-10.  

It has provided as a relief to large number of taxpayers, which was carried out by way of conditional waiver /reduction of late fee. 

Amnesty scheme is introduced under the GST for filing pending GST returns. The object of the scheme is to help taxpayers from imposing penalty in case of cancellation of GST Registration which occurs due to expiring time for filing return. FORM GSTR-4 is a return under GST, under these the taxpayer needs to file GST return once every three months that are signed up for the compensation scheme. 

FORM GSTR-9 is annual return filed by the regular taxpayer once a year along with all details of CGST, SGST. IGST paid by the taxpayer during the year. FORM GSTR-10 filed by taxable person when the GST registration of that person was cancelled or surrender. It was also known as final return.