We had not submitted GST Return 9a and 9c 2018-19 Till today. Our Turnover was 7.25 Crore for the year.
What is the implication, action is available now for us.
As per Section 47(2) of CGST Act,2017, any registered person who fails to furnish the return required under section 44 (i.e. annual return in GSTR-9) by the due date shall be liable to pay a late fee of Rs 100/- for every day during which such failure continues subject to a maximum of an amount calculated at a 0.25% of his turnover in the State or Union territory.
After adding up the similar late fee under SGST Act(s) the total late fee payable for delayed filing of GSTR-9 comes to Rs 200 per day ( Rs 100 CGST + Rs 100 SGST) subject to maximum of 0.50% (0.25% for CGST and SGST each) of turnover in the State or Union territory.
As the late fee under Section 47(2) is applicable only in respect of return i.e. GSTR-9 and not specifically for filing of GSTR-9C. Thus delayed filing of GSTR-9C will not be subject to late fee rather would be subject to the maximum penalty of Rs 25,000 under Section 125 of the CGST Act, 2017. Considering similar penalty under SGST Act, total maximum penalty would be Rs 50,000/- for delayed filing of GSTR-9C.
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