GST Council meet: FM announces 'Amnesty Scheme' for small taxpayers, allows filing of returns with reduced late fee

'To provide relief to the small taxpayers and reduce the compliance burden for small taxpayers and medium taxpayers, an amnesty scheme has been recommended for reducing the late fee payable,' FM Sitharaman said Finance Minister Nirmala Sitharaman on Friday recommended the 'Amnesty Scheme' for reducing late fees on returns in the 43rd GST Council meeting. The FM said that small taxpayers can file p…