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 of the return to be furnished under section 44 of the said Act 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:-

TABLE

Serial Number	Class of registered persons	Amount
(1)	(2)	(3)
1.	Registered persons having an aggregate turnover of up to five crore rupees in the relevant financial year.	Twenty-five rupees per day, subject to a maximum of an amount calculated at 0.02 per cent. of turnover in the State or Union territory.
2.	Registered persons having an aggregate turnover of more than five crores rupees and up to twenty crore rupees in the relevant financial year.	Fifty rupees per day, subject to a maximum of an amount calculated at 0.02 per cent. of turnover in the State or Union territory.

Provided that for the registered persons who fail to furnish the return under section 44 of the said Act by the due date for any of the financial years 2017-18, 2018-19, 2019-20, 2020-21 or 2021-22, but furnish the said return between the period from the 1st day of April, 2023 to the 30th day of June, 2023, the total amount of late fee under section 47 of the said Act payable in respect of the said return, shall stand waived which is in excess of ten thousand rupees.

[F. No. CBIC-20013/1/2023-GST]

ALOK KUMAR, Director

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.