Businesses with no tax liability can still file GST return without late fee: Sitharaman

New Delhi, June 12 (ANI): Finance Minister Nirmala Sitharaman on June 12 held a virtual media briefing on outcomes of Goods and Services Tax (GST) meeting in Delhi. In the briefing, she said, “For the period from July 2017 to Jan 2020, which is prior to COVID period, a lot of return filing has been pending. For all those who have no tax liabilities but who have not filed their returns between July 2017 and Jan 2020, there will be zero late fees.” “For people who have tax liability, maximum late fee for non-filing of GSTR-3B returns for period July 2017 - January 2020 has been capped to Rs 500. This will apply to all returns submitted during July 1, 2020 - September 30, 2020,” she added.