Section 47 CGST Act 2017 – Levy of late fee.

By | April 17, 2017
(Last Updated On: May 26, 2018)

Section 47 CGST Act 2017

[ Section 47 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ]

Section 47 CGST Act 2017 deals with Levy of late fee and is covered in Chapter IX – Returns

[Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES TAX ACT, 2017 assented by the President of India on 12-4-2017 -An Act to make a provision for levy and collection of tax on intra-State supply of goods or services or both by the Central Government and the matters connected therewith or incidental thereto. ]

Levy of late fee.

47. (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 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. (Note -1 to 8 )

(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.


Note:-

8. Seeks to waive the late fee for FORM GSTR-3 from October, 2017 to April, 2018 if TRAN 1 submitted but not filed  vide  Notification No. 22 /2018 – Central Tax  Dated  the 14th May, 2018

7. Reduction of late fee in case of delayed filing of FORM GSTR-6 vide Notification No 7/2018  Central Tax Dated 23rd January, 2018

6. Reduction of late fee in case of delayed filing of FORM GSTR-5A vide Notification No 6/2018  Central Tax Dated 23rd January, 2018

5. Reduction of late fee in case of delayed filing of FORM GSTR-5 vide Notification No 5/2018  Central Tax Dated 23rd January, 2018

4. Reduction of late fee in case of delayed filing of FORM GSTR-1 vide Notification No 4/2018  Central Tax Dated 23rd January, 2018

3. Waives the late fee payable for failure to furnish the return in FORM GSTR-4 vide Notification No 73/2017 Central Tax Dated 29th December, 2017

2A. Seeks to waive late fee payable for delayed filing of FORM GSTR-3B for Aug & Sep, 2017 vide Notification No 50/2017 Central Tax Dated 24th October, 2017

2. Seeks to waive late fee payable for delayed filing of FORM GSTR-3B for Aug & Sep, 2017 vide Notification No 50/2017 Central Tax Dated 24th October, 2017

1. Seeks to waive the late fee for late filing of FORM GSTR-3B, for the month of July 2017 vide Notification No 28/2017 Central Tax dated 1st September, 2017

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