Quick Summary
In a significant relief for taxpayers, the Ministry of Finance has issued Notification No. 08/2025 Central Tax, dated January 23, 2025, waiving late fees under Section 47 of the Central Goods and Services Tax Act, 2017. This waiver applies to registered persons who were required to file FORM GSTR-9C (reconciliation statement) along with their annual return in FORM GSTR-9 but failed to do so within the prescribed timelines for financial years 2017-18 to 2022-23. Key Highlights of the Notifica
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FAQ :
Late fees exceeding the amount payable under Section 47 of the CGST Act have been waived for filing FORM GSTR-9C.
The waiver applies to financial years 2017-18, 2018-19, 2019-20, 2020-21, 2021-22, and 2022-23.
Taxpayers must file their pending FORM GSTR-9C on or before March 31, 2025, to take advantage of the late fee waiver.
No, taxpayers who have already paid the late fee are not eligible for any refund.
The form being referred to is FORM GSTR-9C, which is the reconciliation statement.
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