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Feb 07, 2025 Waiver of late fee for filing pending GSTR-9C by March 31, 2025: CBIC clarifies who is eligible and how to calculate

GST

Goods and Services Tax (GST) registered taxpayers who failed to file GSTR-9C, which is a reconciliation statement filed along with GSTR-9 annual return, can now file GSTR-9C on or before March 31, 2025, to get a complete waiver of all late fees. This late fee is up to Rs 200 per day for a maximum of 0.5% of turnover. This will now be waived off provided taxpayers file their pending GSTR-9C before the date specified above. According to CBIC, multiple representations have been received by taxpayers about how exactly the waiver of late fees be calculated since GSTR-9C cannot be filed independently without first filing the GSTR-9 annual return. CBIC on January 30, 2025, issued a circular to give clarity about how the waiver will be calculated and which taxpayers are going to be eligible for this waiver of late fees.

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