40th GST Council Meeting outcome on 12th June 2020
   
Sr. No. Particulars Tax Period Outcome Remark
1 GSTR 3B – All Tax Payers having NO Tax liability July 2017 to January 2020 Late fees – NIL This will be applicable only if all the GSTR-3B is furnished between 01.07.2020 to 30.09.2020
2 GSTR 3B – All Tax Payers having Tax liability July 2017 to January 2020 Late fees – Maximum Rs.500/- per return This will be applicable only if all the GSTR-3B is furnished between 01.07.2020 to 30.09.2020
3 Interest – For Small Tax Payers(T/O upto 5 Crore) February, March and April 2020 Interest for Late furnishing of return is reduced from 18% p.a to 9% p.a. till 30.09.2020 No Interest if furnished till 06.07.2020
4 Relief for Small Tax Payers(T/O upto 5 Crore) May, June and July 2020 No interest and Late fees if Furnished till September 2020
5 Revocation of cancellation of registration All cases where the registration is cancelled till 12.06.2020 Can file application for revocation of cancellation of registration till 30.09.2020

 

The details of GST council recommendation as follows :

Council Meeting