Late fee for Default in Furnishing Return - Section 47

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.... 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. Note- Late specified under section 47 of CGST Act, 2017 has been reduced through various notifications. Amenity benefit provided in respect of fee referred u/s 47 of the CGST Act * Waives of the amount of late fee for delay in furnishing of Final Return (GSTR-10 ) referred to in section 47 o....

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....class of registered persons, who were required to furnish reconciliation statement in FORM GSTR-9C along with the annual return in FORM GSTR-9 for the said financial year but failed to furnish the same along with the said return in FORM GSTR-9, and furnish the said statement in FORM GSTR-9C, subsequently on or before the 31st March, 2025. * No refund of late fee already paid in respect of delayed furnishing of FORM GSTR-9C for the said financial years shall be available. * 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 wai....

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....the case may be, shall stand waived which is in excess of an amount as specified in column (3) of the Table given below, for the class of registered persons mentioned in the corresponding entry in column (2) of the said Table, who fail to furnish the returns in FORM GSTR-3B by the due date, namely: - TABLE S. No. Class of registered persons Amount (1) (2) (3) 1. Registered persons whose total amount of central tax payable in the said return is nil ₹ 250/- 2. Registered persons having an aggregate turnover of up to rupees 1.5 crores in the preceding financial year, other than those covered under S. No. 1 ₹ 1,000/- 3. Taxpayers having an aggregate turnover of more than rupees 1.5 crores and up to rupees 5 crores i....