Section 47 of CGST Act 2017: Levy of Late Fee for delay in Furnishing Return, Details, etc.

Section 47 of CGST Act 2017: Levy of Late Fee for delay in Furnishing Return, Details, etc.

Provisions under Section 47 of the Central Goods and Services Tax (CGST) Act, 2017 relating to “Levy of Late Fee for delay in Furnishing Return, Details, etc.”, are as under:

Section 47 of CGST Act 2017: Levy of Late Fee (CHAPTER IX – RETURNS)

(1) Any registered person who fails to furnish the details of outward or inward supplies required under section 37 or section 38 or returns required under section 39 or section 45 by the due date shall pay a late fee of one hundred rupees for every day during which such failure continues subject to a maximum amount of five thousand rupees.

(2) Any registered person who fails to furnish the return required under section 44 by the due date shall be liable to pay a late fee of one hundred rupees for every day during which such failure continues subject to a maximum of an amount calculated at a quarter per cent. of his turnover in the State or Union territory.

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The Central Goods and Services Tax (CGST) Act, 2017 was notified by Govt. on 12 April, 2017 and CBIC has notified the commencement date for various Sections/ Provisions thereof from time to time. Subsequently, Govt. has notified the Central Goods and Services Tax (CGST) (Amendment) Act, 2018 on 30 Aug. 2018. However, commencement date of amended provisions of various Sections is to be separately notified by CBIC, except where specifically mentioned in the CGST Amendment Act, 2018 itself.

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Central Goods and Services Tax (CGST) Act, 2017 (Chapter-wise/ Section-wise)

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