Late fees for GSTR-9 and GSTR 9C

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LATE FEE FOR GSTR 9 NOTIFICATON

CBIC vide Notification No. 07/2023 – Central Tax dated March 31, 2023 has reduced the amount of late fees from Fy 2022-23 onwards for filing the Annual Return GSTR 9 and/or GSTR 9C under section 44. From FY 2022-23 onwards late fees for delayed filing of annual return will be turnover based. 
  • Turnover up to Rs. 5 crores: Rs. 50 per day, maximum of 0.04% of turnover
  • Turnover between Rs. 5-20 crores: Rs. 100 per day, maximum of 0.04% of turnover
  • Turnover above Rs. 20 crores: Rs. 200 per day, maximum of 0.5% of turnover
Sr Turnover Late Fees
1 Up to Rs. 5 Crores Rs. 50 per day, maximum of 0.04% of turnover
2 Between 5-20 crores Rs. 100 per day, maximum of 0.04% of turnover
3 Above Rs. 20 Crores Rs. 200 per day, maximum of 0.5% of turnover

GST Late Fees have been capped to Rs. 20000/ for GSTR-9/9C of Fy 2017-18 to 2021-22

Also CBIC notified amnesty scheme for those taxpayers who have not filed GSTR-9/9C annual returns for any of the Financial Years starting from 2017-18 to 2021-22. Vide this notification maximum late fees for late filling will be Rs. 20,000/-  if pending returns filed between April 1, 2023 to June 30, 2023*.
*As per latest announcement in 50th GST Council Meeting held on 11th July 2023 period of filing pending GSTR9/9C with maximum Rs. 20,000/- extended up to 30th August 2023

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