The late fee for not filing GSTR-9 (annual return) is ₹200 per day (₹100 CGST + ₹100 SGST), capped at 0.50% of the taxpayer's turnover in the state/UT. For smaller businesses with a turnover up to ₹5 crore, the late fee is ₹50 per day. Additionally, 18% interest applies to outstanding tax.
Late Fees and Penalties for GSTR-9
100 CGST + Rs. 100 SGST). Such late filing does not incur any late fees under IGST. In addition, there is an interest charge of 18% on any outstanding tax liabilities per annum.
Is it mandatory to file Form GSTR-9? Yes, it's mandatory to file Form GSTR-9 for normal taxpayers. It may, however, be made optional for taxpayers having AATO up to a certain threshold, from time to time.
Failing to file GSTR-9 on time results in financial penalties of ₹200 per day, capped at 0.25% of annual turnover, disrupting cash flow for businesses. Non-compliance with GSTR-9 can lead to denial of input tax credits, audits, legal risks, and even suspension or cancellation of GST registration.
The penalty for late filing of GSTR-9C includes a late fee of Rs. 200 per day (Rs. 100 each for CGST and SGST) up to a maximum of 0.5% of the taxpayer's turnover in the relevant state or union territory. Additionally, failure to file may attract further penalties and interest as per GST regulations.
Scope of the Scheme: The waiver scheme applies to only those taxpayers who have failed to file GSTR-9 earlier. To avail benefits of this scheme, taxpayers have to file the return before March 31, 2025. Already Paid Late Fees: No refunds will be issued if the taxpayer has already filed the return with late payment fees.
Here is the GST late fee you pay for not filing or filing late the GSTR returns: Total late fee of ₹100 per day, which is equally distributed between CGST (₹50) and SGST (₹50). The GST late fee is limited to ₹5,000 per type of return, but can quickly accumulate in case of several returns being late.
The GST law requires that every claim for refund is to be filed within 2 years from the relevant date.
You face a penalty when you file your GST/HST return late if you owe money. The penalty equals 1% of your unpaid amount plus 0.25% of that amount for each full month your return is late. The maximum penalty period is 12 months. After that, no additional monthly charges apply.
Is CA/CMA certification mandatory for GSTR-9C? No. Self-certification is now allowed. A CA/CMA audit is optional, but taxpayers must accurately reconcile their GST returns with audited financials.
Professional Fees: Rs. 1000 to Rs. 3,000 per GSTR-9 filing, depending on the complexity and service provider. Paid Software Charges: Rs.
If your GST turnover is below the $75,000 threshold, you may choose to register. But if you do, regardless of your turnover, you must: include GST in the price of most goods and services you sell. claim GST credits for most business purchases you make.
Common Reasons for Wrong Data in GSTR-9
An offender not paying tax or making short payments must pay a penalty of 10% of the tax amount due subject to a minimum of Rs. 10,000. Consider — in case tax has not been paid or a short payment is made, a minimum penalty of Rs 10,000 has to be paid. The maximum penalty is 10% of the tax unpaid.
Late filing of Income tax return will attract penalty u/s 234F up to Rs. 5,000, late filing interest at the rate of 1% per month (Section 234A) on the tax payable, delay in refund, not providing interest on refund @ 0.5% per month, inability to carry forward the losses.
Therefore, upon non –filing of GST returns or missing out the GST due dates, the GST law prescribes a general penalty. The maximum penalty that may be imposed is Rs. 5,000. The taxpayer will be required to pay interest on late payment of GST at a rate of 18% annually in addition to the late payment penalty.
Late fees ₹200 (₹100 CGST + ₹100 UT/SGST) per day of delay, subject to a maximum cap of an amount at ₹0.50% (0.25% + 0.25%) of itsd turnover. No specific provision, hence, subject to a general penalty of ₹25,000. To be filed on the GST portal. To be filed on the GST portal at the time of or after filing GSTR 9.
If your return is over 60 days late, there's also a minimum penalty for late filing; it's the lesser of $525 (for tax returns required to be filed in 2026) or 100 percent of the tax owed. See Topic no. 304 for information about extensions of time to file if you can't file on time.
Example: If your GST liability is ₹50,000 and payment is delayed by 20 days: Interest = ₹50,000 × 18% × 20 ÷ 365 = ₹493.
It starts from the day you become entitled to the credit, typically the date of the tax invoice or the date the payment is made, depending on your accounting method. After four years, you can no longer amend or include a claim for that GST credit in your Business Activity Statement (BAS).
The 'five year rule' states that residential premises are not considered to be 'new' if they have been rented out as residential premises for five or more years since they first became residential premises, or were last built or substantially renovated.
It allows a tourist, one who is not normally resident in India and enters the country for a stay of not more than six months on non-immigrant reasons, to claim a refund of GST levied on goods purchased in India and thereafter exported out of the country.
The CBIC notified vide 07/2023 dated 31st March 2023, a waiver of late fees in excess of Rs. 20,000 (i.e., Rs. 10,000 each under CGST and SGST Act) for delayed filing of GSTR-9 for years 2017-18 up to 2021-22 if filed between 1st April 2023 to 30th June 2023.
Ways you can avoid late fees
The Indian Government has amended the GST Rules, 2022, to provide that failure to file monthly or quarterly GST reports in form GSTR 3B for a continuous period of 6 months, or for two consecutive tax periods or simply GST not filed for 6 months continuously, would henceforth result in GST registration cancellation.