Late fee for delayed GST returns - failure to furnish specified returns triggers daily penalty capped by statute.

Section 47 prescribes a late fee where registered persons who fail to furnish details or returns by the due date incur a daily fee of one hundred rupees per day. For failures under sections 37, 38, 39 or 45 the daily fee is subject to a maximum of five thousand rupees; for failure under section 44 the daily fee is subject to a cap calculated at a quarter per cent of the person's turnover in the State.

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