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GST Council updates: No fees for GSTR-3B for those with nil liabilities

Members of the GST Council discussed issues over videoconferencing in their first meeting since the coronavirus lockdown was imposed

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GST Council | GST Council meet | File GST return

BS Web Team  | New Delhi 

EVENT HIGHLIGHTS

GST, TAX
Council meet live updates: The Goods and Services Tax (GST) Council meeting on Friday was held under the chairmanship of Finance Minister Nirmala Sitharaman. In their first meeting since a nationwide lockdown was implemented to prevent the spread of coronavirus, the members of the Council discussed issues over videoconference.


The two main objectives of today's meeting were expected to be addressing the government's revenue position and fixing the compensation mechanism for states. FM Sitharaman said no fees will be levied for late filing of returns for entities with nil liability.

The late fee for non-filing of monthly sales return for others has been reduced to a maximum of Rs 500 for July 2017 to January 2020 period, she added.

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