LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

Maximum Late Fee for Annual Return(GSTR-9/GSTR-9A)?

Abhay mishra (139 Points)

04 April 2020

What is the maximum late fee for annual return under CGST Act, 2017? Isn't it 5000/-?

Reply
Follow
Share

9 Replies

RAJA P M ("Do the Right Thing...!!!") (127167 Points)
Replied 04 April 2020

As per act it's Rs 200/day as CGST Rs 100 & SGST Rs 100...

Abhay mishra (139 Points)
Replied 04 April 2020

Total maximum Late Fee?

RAJA P M ("Do the Right Thing...!!!") (127167 Points)
Replied 04 April 2020

Rs 10k as CGST Rs 5k and SGST Rs 5k.

Abhay mishra (139 Points)
Replied 04 April 2020

But sir i am filing GSTR-9 and late fee is calculated more than 10000, what should I do in that case?

RAJA P M ("Do the Right Thing...!!!") (127167 Points)
Replied 04 April 2020

How is possible...?

Try to edit the value...

Abhay mishra (139 Points)
Replied 04 April 2020

But sir as per section 47(2) Any registered person who fails to furnish the return required under section 44 by the due date shall be liable to pay a late fee of one hundred rupees for every day during which
such failure continues subject to a maximum of an amount calculated at a quarter per cent. of
his turnover in the State or Union territory.

I want to ask what is quarter percentage?

Shivam RC (Student) (23683 Points)
Replied 07 April 2020

As per the Provision of Section 47(2) of the CGST Act 2017, if a person fails to file GSTR-9 ( Annual Return ) or GSTR-9C ( Reconciliation Statement and Audit Report ) by the due date, then he shall be liable to pay a LATE FEES of Rs. 100 per day per Act ( Rs. 100 under CGST + Rs. 100 under SGST, Total = Rs. 200 per day ).

However, MAXIMUM CEILING LIMIT specified is "QUARTER PERCENT" of his turnover in the State or Union Territory.