Late Fee Penalties for Late GST Returns Under Section 47; Waivers Available for Specific Periods and Financial Years.

Under Section 47 of the CGST Act, registered persons failing to file GST returns on time incur a late fee of Rs. 100 per day, capped at Rs. 10,000. Specific returns include GSTR-1, GSTR-3B, GSTR-4, GSTR-7, GSTR-8, GSTR-9, GSTR-9C, and GSTR-10. Various notifications have reduced or waived these fees for specific periods and conditions. For example, late fees for GSTR-10 filed between April 1 and August 31, 2023, were limited to Rs. 500. Waivers also apply to annual returns and reconciliation statements for certain financial years.

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