Notification No. 07/2023 - Central Tax [Waiver of late fee for late furnishing of GSTR-9]

Notification No. 07/2023 - Central Tax dated 31-03-2023

In exercise of the powers conferred by section 128 of the CGST Act, 2017,

Late fees reduced for specified RP’s from FY 2022-23 onwards

the Central Government waives late fee referred to in section 47

in respect of the return to be furnished u/s 44

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:

SN	Class of RPs	Amount
(1)	(2)	(3)
1.	RPs having an aggregate turnover of up to Rs.5 Cr in the relevant FY.	Rs.25 per day, subject to a maximum of an amount calculated at 0.02% of turnover in the State/UT.
2.	RPs having an aggregate turnover of more than Rs.5 cr and up to Rs.25 Cr in the relevant FY.	Rs.50 per day, subject to a maximum of an amount calculated at 0.02% of turnover in the State/UT.

1^st Proviso – Late fees reduced to Rs.10,000 for FY 2017-18 to 2021-22 if GSTR-9 not furnished within due date

RPs who fail to furnish the return u/s 44 by the due date for any of the FY 2017-18, 2018-19, 2019-20, 2020-21 or 2021-22,

but furnish the said return between 01-04-2023 to [1][31-08-2023],

late fee u/s 47 payable in respect of the said return, shall stand waived which is in excess of Rs.10,000

[1] Substituted for words “30th day of June, 2023” by Notification No. 25/2023-Central Tax dt. 17-07-2023 wef 30-06-2023

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Waiver of late fee for late furnishing of GSTR-9 [Section 128 read with section 47(1) of CGST Act]

Notification No. 07/2023 - Central Tax [Waiver of late fee for late furnishing of GSTR-9]