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

Last updated: 03 April 2023

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The Ministry of Finance has announced a rationalisation of late fees for GSTR-9 returns filed from the financial year 2022-23 onwards. The late fee is now capped at 0.02% of turnover, with daily charges of £25 for businesses with turnover up to £5 crore and £50 for those with turnover between £5 crore and £20 crore. Additionally, an amnesty scheme offers a waiver on late fees exceeding £10,000 for GSTR-9 returns from 2017-18 to 2021-22, provided they are filed between 1st April 2023 and 30th June 2023.

Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) New Delhi Notification No. 07/2023-Central Tax Dated: 31st March, 2023 G.S.R. 250(E). -In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereinafter referred to as the said Act), the Central Government, on the recommendations of the Council, hereby waives the amount of late fee referred to in section 47 of the said Act in respect o

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FAQ :

For financial year 2022-23 onwards, the late fee for GSTR-9 returns is capped at 0.02% of turnover. The daily late fee is £25 for businesses with turnover up to £5 crore and £50 for those with turnover between £5 crore and £20 crore.

Yes, an amnesty scheme is available. For GSTR-9 returns from 2017-18 to 2021-22, the late fee exceeding £10,000 will be waived if the return is filed between 1st April 2023 and 30th June 2023.

For businesses with an aggregate turnover of up to £5 crore, the late fee is £25 per day, with a maximum limit of 0.02% of their turnover in the state or union territory.

For businesses with an aggregate turnover of more than £5 crore and up to £20 crore, the late fee is £50 per day, with a maximum limit of 0.02% of their turnover in the state or union territory.

The amnesty scheme for GSTR-9 returns from 2017-18 to 2021-22 requires filing between 1st April 2023 and 30th June 2023 to avail the waiver on late fees exceeding £10,000.

Notification No : 07/2023-Central Tax
Source : https://taxinformation.cbic.gov.in/view-pdf/1009689/ENG/Notifications

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