Notification No. 08/2025 – Central Tax, dated January 23, 2025, issued by the CBIC-GST, waives late fees under Section 47 of the CGST Act for delayed filing of GSTR-9C (Reconciliation Statement) for FY 2017-18 to 2022-23. The waiver applies if the pending GSTR-9C is filed on or before March 31, 2025.
Notification No. 08/2025 waives the late fee under section 47 of the Central Goods and Services Tax (CGST) Act for the annual return (FORM GSTR-9) for the financial years 2017-18 to 2022-23.
The GST Amnesty Scheme 2025 is a relief measure aimed at reducing litigation and facilitating compliance. It allows taxpayers to settle disputes by paying the outstanding tax dues while receiving a GST waiver on associated interest and penalties.
Rule 37A requires a registered person (recipient of goods/services) to reverse the Input Tax Credit (ITC) they have availed if the supplier has not filed their GSTR-3B return for the tax period related to that ITC, by 30th September following the end of the financial year.
Key Points of Rule 47A:
Unregistered Suppliers: If the supplier is unregistered, the buyer must issue the invoice. Imports: When goods are imported, the importer must generate a self-invoice. RCM: Under the Reverse Charge Mechanism, the buyer must issue the invoice and pay the GST.
Rule 86B was introduced to prevent fraud and misuse of the input tax credit. It provides that registered persons shall not use ITC to discharge more than 99% of their output tax liability if the value of taxable supply (excluding exempt and zero-rated supply) exceeds Rs. 50 lakhs in a month.
(1) Any registered person who fails to furnish the details of outward or 1[***] supplies required under section 37 1[***] or returns required under section 39 or section 45 2[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 ...
As per the newly introduced Section 74A, a proper GST officer: Can issue tax demand notice on nonpayment, short payment of tax, appropriation of excess tax refund or excess input tax credit, irrespective of an incident of fraud, wilful misstatement and suppression of facts.
The newly inserted rule 88A in the CGST Rules allows utilisation of input tax credit of integrated tax towards the payment of Central tax and State tax, or as the case may be, Union Territory tax, in any order subject to the condition that the entire input tax credit on account of integrated tax is completely exhausted ...
ITC reversal under CGST Rule 37A - Where the supplier fails to pay tax through the GSTR-3B by 30th September of the following year. ITC reversal under CGST Rule 42 - Where inputs are used to make an exempt supply or for manufacturing supplies, some of which were used for non-business or personal purposes.
1. Login into GST portal: Navigate to > Services > User Services > My Applications. 2. On Navigating to 'My Applications' page, the taxpayer has to select 'Apply for Waiver Scheme under Section 128A' option under 'Application type' dropdown.
52/2020-Central Tax in order to provide conditional waiver of lat fees for the period from July, 2017 to July, 2020. Seeks to amend notification no. 46/2020-Central Tax in order to further extend period to pass order under Section 54(7) of CGST Act till 31.08. 2020 or in some cases upto fifteen days thereafter.
Legal Waivers/Reductions: Sections 73 and 74 of the CGST Act give discretionary powers to the authorities to waive penalty in case the tax payable is paid before assessment, or the default was not intentional and due to real causes.
The GST Amnesty Scheme under Section 128A grants total waiver of pending interest and penalty amount if the tax dispute amount is paid by an eligible taxpayer on or before March 31, 2025.
Paying several days early can help avoid processing delays, especially on weekends or holidays. If a payment is late, act fast by paying the balance as soon as possible, contacting your issuer or requesting a fee waiver. Some issuers may forgive a first-time late fee, especially if you ask promptly.
GST 2.0: Diwali 2025 Reforms – A Game-Changer for Consumption? The government has announced a major overhaul in the GST system, aimed at simplifying tax rates. The new GST structure will reduce the number of tax slabs to just two — 5% and 18% — replacing the current multi-tier system.
As per Section 54 of the CGST Act, 2017, the proper officer shall issue an order for the refund within sixty days from the date of receipt of a complete refund application. If the refund is not issued within the said period, you are entitled to an additional interest at the rate notified by the government.
What is rule 37 in GST? Rule 37 under GST Act prescribes the conditions for the reversal of input tax credit (ITC) on goods and/or services if full payment is not made within 180 days of the invoice's issue.
- 2025-TIOL-77-SC-VAT.
The Bench of Justices Manoj Misra and N.K. Singh reaffirmed a core proposition of fiscal fairness: a purchaser who has paid tax in good faith to a registered seller cannot be denied Input Tax Credit (ITC) merely because the seller fails to deposit that tax with the Government.
Avail the new GST Amnesty Scheme 2024, introduced via Section 128A for conditional waiver of interest and penalties for tax demands from FY 2017-18 to 2019-20 under Section 73. To qualify, taxpayers must fully pay outstanding tax dues by March 31, 2025.
Seeks to waive the late fees in certain cases for the month of July, 2019 for FORM GSTR-1 and GSTR-6 provided the said returns are furnished by 20.09.
Section 51 of CGST Act makes provision with respect to deduction of tax at source (TDS)by certain category of persons. Here, we are summarizing the relevant provisions of TDS in the form of FAQ and also highlighting the mechanism to minimize the risk of non-compliances thereon in the business.
Grace Period & Late Fees ⚠️
Most loans include a short grace period—typically 10–15 days after the due date—before a payment is officially considered late. If you miss this window, you'll likely be hit with a late fee, usually in the $25–$50 range or outlined in your loan agreement.
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.
Section 74 of the CGST Act penalty
A penalty of 15% - if the taxpayer, before receiving the DRC-01, makes full payment of tax demand and interests charged on the tax dues. A penalty of 25% - if the taxpayer, upon receiving the DRC-01, makes full payment within 30 days of the notice's issuance.