Delhi Government has waived the late fee for filing Annual Returns of registered taxpayers. The notification was issued on July 3, 2023, and it applies to annual returns filed under section 44 of the Delhi Goods and Services Tax Act, 2017, starting from the financial year 2022-23.
The late fee for filing annual returns is usually 2% of the tax liability, with a maximum of ₹5,000. However, under the new notification, taxpayers will not be liable to pay any late fee, even if they file their annual returns after the due date.
This is a welcome move by the Delhi Government, as it will provide relief to taxpayers and reduce the financial burden on them. It will also encourage timely filing of annual returns, as taxpayers will not be penalized for delays.
Official copy of the notification has been mentioned below
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