Can we file Gstr 9 without paying late fee?

Can we file Gstr 9 without paying late fee?

Penalty Norms When you Miss the Due Date of GSTR-9 Filing As per the penalty provisions of the GSTR-9 annual return form, the taxpayer has to pay Rs. 200 per day as a penalty in which Rs. 100 consists of SGST and Rs. 100 for CGST.06-Jul-2022

Can GST late fees be waived?

NIL Return the Late Fee Waiver 1234 were adhered to throughout that period. However, from August 2021 onwards, a late charge of Rs. 10,000 (5,000 each under CGST and SGST/UTGST) would be assessed regardless of the size or volume of the company under Section 47 of the Act.12-Sept-2022

Is Gstr 9 optional notification?

As per the 43rd GST Council meeting outcome, GSTR-9 shall continue to be optional for taxpayers with turnover up to Rs. 2 crore, whereas GSTR-9C can be self-certified by taxpayers with turnover less than or equal to Rs.12-Jan-2022

What is Gstr 9 due date extended?

CA portal is enabled to give all the information about user 9 due dates for FY 2020-21 and the prolonged gstr 9 extension news notification for the usual assessment form.Annual Return GSTR 9 Due Date for FY 2021-22:

What is the penalty for late filing of Gstr 9 and 9C?

GSTR 9C Late Fees and Penalty However, any delay in filing the GSTR 9C within the prescribed deadline attracts the penalty clause of the GSTR 9C audit return form, and the taxpayer is liable to pay a late fee of ₹200 per day (₹100 each under CGST and SGST) as penalty.

How are Gstr 9 late fees calculated?

Late fees for GSTR-9 and GSTR-9A are Rs. 200 per day (Rs. 100 for CGST and Rs. 100 for SGST) up to a limit of 0.50 percent (0.25 percent for CGST and 0.25 percent for SGST) of turnover.

How do I get rid of GST late fees?

In such cases if your effective date of cancellation is any other date or current date then you can visit the office of assessing officer and ask him to cancel your GST registration from registration date for saving late fees.

What is the highest late fee allowed by law?

Reasonable late fees are typically no more than 5% of the total rent when rent is three or more days late and may be increased to, but should not exceed, 10% of the rent when rent is 10 or more days late. Most states do not specifically address late fees written in law.

What is maximum late fees on GST?

Annual GST returns are subject to late costs of INR 100 per day under CGST law and INR 100 per day under SGST law. As a result, a total of INR 200 per day is applicable until late costs are paid. The maximum penalty amount for a given financial year cannot exceed 0.25 percent of the taxpayer's total turnover.26-Apr-2022

Is Gstr 9 mandatory for all?

You are required to file both Form GSTR-9 and Form GSTR-9A, for the respective periods. The period during which the taxpayer remained as composition taxpayer, Form GSTR-9A is required to be filed. And, for period for which the taxpayer is registered as normal taxpayer, Form GSTR-9 is required to be filed.

What is the due date for Gstr 9 for FY 2021-22?

December 31, 2022

Is Gstr 9 and 9C mandatory?

As per the 43rd GST Council meeting outcome, GSTR-9 shall continue to be optional for taxpayers with turnover up to Rs. 2 crore, whereas GSTR-9C can be self-certified by taxpayers with turnover less than or equal to Rs.12-Jan-2022

What is turnover limit for Gstr 9 and 9C?

Taxpayers with a turnover exceeding Rs. 5 crore in the previous financial year are required to file Form GSTR-9C on a self-certification basis.05-May-2022

What if Gstr 9 is wrongly filed?

The error made in GSTR 1 or GSTR 3B shall be rectified in respective forms only. No rectification can be made in GSTR 9 annual return. But the changes so made relating to the relevant financial year shall be duly reported in the annual return yet to be filed.09-Nov-2021

What is the due date for Gstr 9 for FY 2020-21?

29th December 2021 The due date to file GSTR-9 & self-certified GSTR-9C for the FY 2020-21 has been extended up to 28th February 2022.14-Jul-2022

What is the turnover limit for Gstr-9?

Goods and Services Tax (GST) taxpayers whose Aggregate Annual Turnover for FY 2020-21 is more than Rs 5 crore must file their annual return in form GSTR-9 along with self-certified reconciliation statement in GSTR-9C before February 28, 2022.24-Feb-2022

Is Gstr-9C removed?

The CBIC has notified changes to Sections 35(5) and 44 of the CGST Act. The requirement to get a GST audit and certification done by a CA/CMA now stands removed. Taxpayers with a turnover exceeding Rs. 5 crore in the previous financial year are required to file Form GSTR-9C on a self-certification basis.14-Jul-2022

Is there any penalty for late filing of 9C?

If a taxpayer fails to file both Annual Return and Form GSTR-9C, then he is liable to a fee of Rs. 200/- per day during which the default continues (Rs. 100 under CGST law + Rs. 100/- under State / Union Territory GST law) *Capped to a maximum amount of .12-Jan-2022

What happens if I pay my GST late?

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.28-Jun-2022

What is suo moto cancellation?

Suo moto cancellation of registration might be executed via tax officer for distinct circumstances as specified in the GST law and is mentioned below: Any assessee excluding the composition assessee does not furnish the returns for a straight duration of 6 months.2 days ago

What happens if GST return is not filed for 3 months?

The concerned officer of GST may cancel the GST registration of the taxpayer, upon failing to file monthly returns continuously for six months. The GST officer can cancel the GST registration of a composition taxable person if the taxpayer fails to file the GST returns continuously for three consecutive tax periods.

Can we file Gstr 9 without paying late fee?