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Studycafe | Jan 10, 2020 | Views 2294543

GSTR-1 amnesty scheme due date extended to 17th January 2020

GSTR-1 amnesty scheme due date extended to 17th January 2020

As per the recent tweet by , Ministry of Finance , In the view of such huge response, which would lead reduction in unmatched credit, it has been decided to extend the said amnesty scheme from 10th January 2020 to 17th January 2020.

GSTR-1 amnesty scheme due date extended to 17th January 2020

GSTR-1 amnesty scheme due date extended to 17th January 2020

The response to this waiver has been very encouraging and since announcement on 18.12.2019, 54 lakhs GSTR-1 have gotten filed till 09.01.2020. On average, only about 25 lakh monthly GSTR 1s get filed.

The GST council in its 38th meeting on 18th Dec 2019 had recommended that late fee chargeable on filing of statements of output supplies in Form GSTR-1s, be waived for the GSTR-1 pertaining to period July, 2017 to Nov 2019 if the same are filed by 10/01/2020.

https://twitter.com/FinMinIndia/status/1215624992747970560s=20

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Tags : GSTGSTR-1 Late Fees

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