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Amnesty Scheme and Rationalisation of late fee on GSTR-9 and GSTR-9C.

To provide relief to large number of taxpayers, GST Council has recommended to provide an amnesty scheme in case of pending Annual Returns i.e. GSTR-9 and GSTR-9C with reduced late fee.

GST Council has also recommended to rationalise the general late fees applicable on late filing of GSTR-9 and GSTR-9C. 

To bring this scheme into effect, CBIC has issued Notification No. 07/2023 - Central Tax dated March 31, 2023 with following terms and conditions.

Rationalisation of general late fee on GSTR-9 and GSTR-9C?

CBIC vide Notification No.07/2023 - Central Tax has also reduced the general late fee applicable on late filing of GSTR-9 and GSTR-9C, which is as follows.

Turnover Existing Late fee u/s 47 Revised Late fee u/s 47
Persons having turnover upto Rs. 5 Crores

Rs.200/- per day

Max Late fee - 0.5% of Turnover 

Rs.50/- per day 

Max Late fee - 0.04% of Turnover
Persons having turnover more than Rs.5 Crores but upto Rs.20 Crores

Rs.200/- per day

Max Late fee - 0.5% of Turnover 

Rs.100/- per day

Max Late fee - 0.04% of Turnover

Persons having turnover more than Rs. 20 Crores

* (There is no change in late fee for taxpayers more than 20 crores turnover)

Rs.200/- per day

Max Late fee - 0.5% of Turnover

Rs.200/- per day

Max Late fee - 0.5% of Turnover

Amnesty scheme for pending GSTR-9 and GSTR-9C?

CBIC vide Notification No.07/2023 - Central Tax has provided an amnesty scheme for pending GSTR-9 and GSTR-9C with reduced late fee as follows. Any person who fails to furnish the return u/s 44.......
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Amnesty Scheme
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GSTR-9
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GSTR-9C
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Late Fee Waiver
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Apr 2, 2023


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