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ARTICLE · 25 APRIL 2023

Gist Of Notifications Issued By CBIC On 31 March 2023

In Its 49th Meeting, The GST Council Recommended Various Amnesty Schemes To Regularize The Pending Compliances. To Give Effect To Those, The Central Board Of Indirect Taxes And Customs (CBIC)...

IndiaTax

In its 49th meeting, the GST Council recommended various amnesty schemes to regularize the pending compliances. To give effect to those, the Central Board of Indirect Taxes and Customs (CBIC) has issued the following notifications:

Sr. No. Notification No Gist
1 02/2023 - Central Tax Amnesty for taxpayers under Composition Scheme

The said Notification provides capping of late fees in case of delay in filing of Quarterly/Annual Return in Form GSTR-4 for the period July 2017 to March 2018, FY 2018-19, 2019-20, 2020-21 and 2021-22 as under:
  • INR 500*
  • Nil in case of nil return

Condition: Composition taxpayers should file pending Form GSTR-4 between 1 April 2023 to 30 June 2023.

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