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GST Update – Rationalisation of late fee for GSTR-9 and Amnesty to GSTR-9 non-filers

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In the Notification No. 07/2023-Central tax, the CBIC has notified that from FY 2022-23 onwards, the late fee in respect of the filing of GSTR 9 shall be as follows :-

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.

In respect of the late fee for filing the Annual return for the FY 2017-18, 2018-19, 2019-20, 2020-21, 2021-22, the late fee shall be Rs. 10,000/- (CGST) + Rs. 10,000/- (SGST) if filed between 30th June 2023.
To view and download the Notification, click here
Notification No. 7/2023-Central Tax

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