GSTR-1 amnesty scheme due date extended to Jan 17, 2020
The Finance Ministry on Friday extended the due date for amnesty scheme for filing of GSTR-1 by seven days.
The earlier deadline was set at January 10, 2020., but it will now be open till January 17. The scheme intends to facilitate filing of all pending FORM GSTR-1 from July 2017 to November 2018 without any late fee.
In its 38th meeting on December 18, 2019, the GST Council had decided to waive off late fees on filing statements of output supplies in Form GSTR-1s if GSTR-1 for July 2017 to November 2019 is filed by January 10, 2020. The decision was taken by the GST governing body as Form GSTR-1 is extremely important for reducing unmatched credit.
“The response to this waiver has been very encouraging and since announcement on December 18, 2019, 54 lakh GSTR-1 have gotten filed till January 09, 2020,” Ministry of Finance said in a statement on Friday. “In the view of such huge response, which would lead reduction in unmatched credit, it has been decided to extend the said amnesty scheme from January 10, 2020 to January 17, 2020.” the Finance Ministry tweeted.