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Panelty on filing GSTR-3B When firm is revoked under Amnesty scheme 2023

Sudhir Kulshreshtha (Advocate) (190 Points)

27 February 2024

What is the rulings regarding panelty waiver if the firm is revoked under the amnesty scheme.every time if we are filing GSTR-3B ,there shows an auto generated message regarding 10000 panelty.

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Money Money (427 Points)
Replied 27 February 2024

Under the GST (Goods and Services Tax) regime, the amnesty scheme provides relief to taxpayers who may have missed deadlines or faced penalties. Let’s explore the relevant rulings:

Amnesty Scheme for Revocation of Cancellation:
If your firm’s GST registration was cancelled and you wish to reinstate it, you can apply for revocation of cancellation.
To avail this benefit, ensure that you have filed all the pending returns up to the effective date of cancellation.
Along with the returns, pay the tax, interest, penalty, and late fees as applicable1.
GSTR-3B Penalty:
The auto-generated message regarding a penalty of ₹10,000 when filing GSTR-3B could be due to late filing or non-compliance.
However, under the amnesty scheme, you may have an opportunity to waive or reduce this penalty.
Consult with a qualified tax professional to understand the specific conditions and procedures for penalty waiver under the scheme.