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Notification No. 07/2023–Central Tax fixes the late fee for a late annual return in FORM GSTR-9, for financial year 2022-23 onwards. What central tax late fee applies to a registered person with…

Question and options

Notification No. 07/2023–Central Tax fixes the late fee for a late annual return in FORM GSTR-9, for financial year 2022-23 onwards. What central tax late fee applies to a registered person with aggregate turnover up to ₹5 crore in the year?

  1. ₹50 per day, up to 0.04% of turnover in the State

  2. ₹25 per day, up to 0.25% of turnover in the State

  3. ₹100 per day, up to 0.25% of turnover in the State

  4. ₹25 per day, up to 0.02% of turnover in the State

Answer and explanation

Correct answer: D - ₹25 per day, up to 0.02% of turnover in the State

For aggregate turnover up to ₹5 crore, Notification No. 07/2023–Central Tax caps the central tax late fee for GSTR-9 at ₹25 per day, up to 0.02% of turnover in the State or Union territory; an equal State fee makes ₹50 a day and 0.04% in all. Section 47(2) of the CGST Act, 2017 itself provides ₹100 a day up to 0.25%, which the notification reduces.

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