| 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 :
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