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Late fee for Default in Furnishing Return - Section 47 - GST Ready Reckoner - GSTExtract Late fee for Default in Furnishing Return As per section 47 The GST late filing fees are as follows: a) As per section 47(1) if the any registered person who fails to furnished provide details of before the due date Outward supplies under section 37 [ GSTR - 1 ], or Required returns under section 39 [ GSTR 3B/4/5/6/7 ], or Final Return under section 45 [ GSTR 10 ], or TCS Statement under section 52 [ GSTR 8 ] Late Fee shall be payable Rs. 100/- (i.e. 100 CGST + 100 SGST ) for every day during which such failure continues subject to a maximum amount of Rs. 5000/- ( i.e. 5000 CGST + 5000 SGST), In other words Maximum late fee can be 10,000/-. b) As per section 47(2), If a person fails to provide the annual return [ GSTR 9/9C ] under section 44 before the due date shall be liable to pay Late Fee Rs. 100 per day maximum 5,000/- (i.e. Rs. 100 CGST + Rs. 100 SGST Maximum 10,000/- ) during which such failure continues subject to a maximum of an amount calculated at a 0.25% (i.e.0.25% CGST+0.25%SGST) of his turnover in the State or Union territory. Amnesty Scheme for Non Filer of Annual Return Waives of the amount of late fee for delay in furnishing of Final Return (GSTR-10 ) referred to in section 47 of the CGST Act [ NOTIFICATION NO. 08/2023 CENTRAL TAX (as amended time to time ) The Central Government, on the recommendations of the Council, hereby waives the amount of late fee referred to in section 47 of the Act, which is in excess of five hundred rupees for the registered persons who fail to furnish the final return in FORM GSTR-10 by the due date but furnish the said return between the period from the 1st day of April, 2023 to the 31st day of August, 2023 . Waives the amount of late fee for delay in furnishing of Annual Return (GSTR-9) referred to in section 47 of the CGST Act. [ NOTIFICATION NO. 07/2023 CENTRAL TAX ( as amended time to time ) ] The Central Government, on the recommendations of the Council, hereby waives the amount of late fee referred to in section 47 of the said Act in respect of the return to be furnished under section 44 of the said Act for the financial year 2022-23 onwards. Waives the late fee payable for failure to furnish the return in FORM GSTR-4 referred to in section 47 of the CGST Act. [ Notification No. 73/2017 Central Tax ( as amended time to time )] The Central Government, on the recommendations of the Council, hereby waives the amount of late fee payable under section 47 of the said Act , by any registered person for failure to furnish the return in FORM GSTR-4 by the due date, which is in excess of an amount of twenty five rupees for every day during which such failure continues. Conclusion All registered business has to file monthly, quarterly or annual GST Returns based on the type of business. A return is a document which contains the details of income which a taxpayer is required to file with the tax administrative authorities of India. In case of non-filing of GST Return, late fine with interest is imposed on them
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