The Ministry of Finance has extended the deadline to November 30, 2021 for availing of the late fee amnesty scheme under Goods and Services Act (GST).
The scheme was previously scheduled to end on August 31, 2021.
The GST amnesty scheme was mentioned to reduce or waiver of late fee for not filing Form GSTR-3B for the tax periods starting from July 2017 to April 2021.
The taxpayers were initially had to file their GST starting from June 1, 2021 to August 31, 2021 to avail benefit from this amnesty scheme.
The Union Ministry of Finance had further said that on the basis of the multiple representations received, it has also increased the timelines for filing of application for revocation of cancellation of registration to September 30, 2021.
The due date falls between March 1, 2020 to August 31, 2021 for the filing of application for revocation of cancellation of registration.
The finance ministry said that for filing Form GSTR-3B and Form GSTR-1 by companies, the use of electronic verification code (EVC) instead of Digital Signature certificate (DSC) has been further extended to October 31, 2021.
The minustry had said in its statement, “The extension of the closing date of late fee amnesty scheme and extension of time limit for filing of application for revocation of cancellation of registration will benefit a large number of taxpayers and especially small taxpayers."
The ministry added that the taxpayers who could not file their returns in time due to various reasons and mainly because of difficulties caused by coronavirus pandemic and whose registrations were cancelled due to the same.
The centre had also requested taxpayers to use the benefit of these extensions at the earliest to avoid any last minute rush.