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Late fees for GSTR 9 and 9C from 31.12.2020

GST expert by GST expert
December 29, 2020 - Updated on December 31, 2020
in GST news
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Consequences, if you miss the deadline of GSTR 9 and 9C
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CBIC had made various changes vide notification and had recently updated the turnover limit for conducting audit and filing of GST annual return which is as under:

GSTR 9: Turnover limit is 2 crore

GSTR 9C: Turnover limit is 5 crore.

As of now the due date for filing of GSTR 9 and GSTR 9C for FY 2018-19 is 31.12.2020 and after the due date the late fees for the same would be:

For GSTR 9: Rs 200 per day of delay subject to a maximum cap of an amount at 0.25% of total turnover in respective State/UT

For GSTR 9C: No specific provision, Hence, subject to a general penalty of Rs 25,000.

As of now no due date has been extended for FY 2018-19.

 

Update:

On 30.12.2020, CBIC has extended due date for filing of GSTR 9 and 9C till 28.02.2021 but the same has been increased for FY 2019-20. Hence there is no extension for annual return and audit for FY 2018-19 and if any return is uploaded after the above date there would be a late fees.

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Tags: GST annual returnGST annual return due dateGST audit
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