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.”:

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 or section 52 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. [Refer Note 1(a), (b) & (c)]

(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.

Amendments History:

1. Amendments in sub section (1), vide Section 108 of the Finance Act 2022 (GOI Notification dated 30/03/2022) followed with Central Tax Notification 18/2022 on commencement date of 01/10/2022:

(a) the text “or inward” omitted;

(b) the text “or section 38” omitted;

(c) the text “or section 52” inserted after the text “section 39 or section 45”.

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Note: The CGST Act 2017 has been notified vide GOI Notification dt. 12/04/2017, which has subsequently been amended through CGST (Extension to J&K) Act 2017, Finance Act 2018, CGST Amendment Act 2018, Finance Act 2019, Finance Act 2020, Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance 2020, Finance Act 2021, Finance Act 2022, Finance Act 2023, CGST Amendment Act 2023, including various Notifications issued by the Govt./ CBIC from time to time, relating to the commencement dates of various Sections/ Provisions in the respective CGST/ Amendment Acts, wherever required. Information on this page is a Section-wise compilation of the Amendments made by various Notifications issued by CBIC from time to time, with best possible efforts for accuracy. In any case, E&OE. For official/ updated information, please visit CBIC website.