CBIC reduces Annual Return Late Fee as follows vide Notification No. 07/2023–Central Tax Dated: 31st March, 2023 –
A. for the financial year 2022-23 onwards
Registered persons having an aggregate turnover of up to five crore rupees in the relevant financial year– Fifty rupees per day (25 CGST+25 SGT), subject to a maximum of an amount calculated at 0.04 (0.02+0.02) per cent. of turnover in the State or Union territory.
Registered persons having an aggregate turnover of more than five crores rupees and up to twenty crore rupees in the relevant financial year – Hundred rupees per day (50+50), subject to a maximum of an amount calculated at 0.04 (0.02+0.02) per cent. of turnover in the State or Union territory.
For Registered Persons having an Aggregate Turnover of More than Rs.20 Crores no reduction in amount of Late Fees.
B. For financial years 2017-18, 2018-19, 2019-20, 2020-21 or 2021-22
IF annual return is furnished between the period from the 1st day of April, 2023 to the 30th day of June, 2023, the total amount of late fee is restricted to Rs.20000 (10000+10000).
Ministry of Finance
(Department of Revenue)
(Central Board of Indirect Taxes and Customs)
New Delhi
Notification No. 07/2023–Central Tax Dated: 31st March, 2023
G.S.R. 250(E).—In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereinafter referred to as the said Act), 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, which is in excess of amount as specified in Column (3) of the Table below, for the classes of registered persons mentioned in the corresponding entry in Column (2) of the Table below, who fails to furnish the return by the due date, namely:—
TABLE
|
Serial Number |
Class of registered persons | Amount |
| (1) | (2) | (3) |
| 1. | Registered persons having an aggregate turnover of up to five crore rupees in the relevant financial year. | Twenty-five rupees per day, subject to a maximum of an amount calculated at 0.02 per cent. of turnover in the State or Union territory. |
| 2. | Registered persons having an aggregate turnover of more than five crores rupees and up to twenty crore rupees in the relevant financial year. |
Fifty rupees per day, subject to a maximum of an amount calculated at 0.02 per cent. of turnover in the State or Union territory. |
Provided that for the registered persons who fail to furnish the return under section 44 of the said Act by the due date for any of the financial years 2017-18, 2018-19, 2019-20, 2020-21 or 2021-22, but furnish the said return between the period from the 1st day of April, 2023 to the 30th day of June, 2023, the total amount of late fee under section 47 of the said Act payable in respect of the said return, shall stand waived which is in excess of ten thousand rupees.
[F. No. CBIC-20013/1/2023-GST]
ALOK KUMAR, Director
GSTR9 for the FY 2017-18 & 2018-19 is filed in 2021 without payment of Late Filing Fee. Demand for which has already been raised by the Department. Can we claim the benefit of this Amnesty Scheme or will be have to pay the Late Filing Fee under the normal provisions?
TIA
Total fee waiver in case of GSTR-9 is in excess of Rs.10000/- or Rs.20000/- ? kindly clarify
GST Notification No. 07/2023–Central Tax Dated: 31st March, 2023 is also applicable for GSTR 9C or only for GSTR9
Can Refund be claimed cause our client paid around 2.5 Lakhs late fees 10 days back for filing all pending gst annual return
Annual return of FY 2017-18 has been filed by paying an penalty on Fy 2022-23. Will this wavie off be applicable to those assessee also. Will the excess amount be refunded?
asper GST Amensty Scheme 2023 regarding GSTR 9 annual retunrs, i am trying to file my GSTR 9 Returns from 2017-18 to 2021-22, in this regard the late fee is not generating in the portal in the years 2017-18 to 2019-20 and return is uploading with payment of late fee, same 2020-21 and 2021-22 GSTR9 generating late fee challan of Rs.20000/- after payment return is uploding why the challans not generating in the 2017-18 to 2019-20 and how can we pay the late fee or not pls clarify
same problem here
what if the annual return of FY 2017-18 has been filed in the FY 2022-23 with the penalty, will the wavie will be applicable to those assessee also. will the excess amount be refunded?