Late fee rationalisation for annual GST return caps per turnover class and waives excess fees for filers availing amnesty window. The notification prescribes a rationalised late fee regime for annual returns under section 44 for 2022 23 onwards, setting per day rates with a maximum cap calculated at 0.02% of turnover for specified turnover classes, and establishes an amnesty window during which late fees in excess of ten thousand rupees under section 47 will be waived for filers of returns for earlier financial years when furnished within the announced period.
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Provisions expressly mentioned in the judgment/order text.
Late fee rationalisation for annual GST return caps per turnover class and waives excess fees for filers availing amnesty window.
The notification prescribes a rationalised late fee regime for annual returns under section 44 for 2022 23 onwards, setting per day rates with a maximum cap calculated at 0.02% of turnover for specified turnover classes, and establishes an amnesty window during which late fees in excess of ten thousand rupees under section 47 will be waived for filers of returns for earlier financial years when furnished within the announced period.
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