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GST Amnesty Scheme 2023 for composite dealer : Relief for Pending Returns

  • 06-Apr-2023

Summary of GST Amnesty Scheme 2023 for composite dealer: Relief for Pending Returns


The Central Board of Indirect Taxes and Customs (CBIC) has introduced an Amnesty Scheme to relieve taxpayers with pending GSTR-4 returns (July 2017 to March 2022).  

This scheme aims to offer conditional waiver or reduction of late fees to help taxpayers clear their pending returns. 

The CBIC issued a Notification on 2/2023, to bring the amnesty scheme into effect.  

The notification outlines the benefits and conditions for availing of the scheme. 

This Notification amends earlier Notification 73/2017 and inserts a new proviso to waive late fees payable more than Rs 500/- under Section 47 of the CGST Act by registered taxpayers for failure to furnish the return in Form GSTR-4 for the period July 2017 to March 2022 by the due date.  

If tax is payable in the return is NIL – Then no late fees 

If Any tax is Payable in the return (any amount) - Then the maximum late fees would be Rs. 250 for CGST and Rs. 250 for SGST 

The above benefit is available if the registered person furnishes the said return between the period 1 April 2023 to 30 June 2023. 

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