22 August 2023
A cooperative credit society is filing GSTR 9 of FY 18-19 There is amnesty scheme if filed before 31.08.23 and late fee is Rs.20,000/- While filing GSTR 9 the portal is not asking for upfront payment of Rs.20,000/-
How can we find whether the society can take benefit of Amnesty scheme and pay late fees Rs.20,000/- ?
26 August 2023
Amnesty available to non-filers of Form GSTR-9 (Annual Return) – Any registered dealer who mandated to file GSTR-9and failed to furnish the return in form GSTR-9 and GSTR-9C under section 44 of the GST Act, the late fee has been reduced as below: a. For the period from FY 2017-18 to FY 2021-22 – If the GSTR 9 along with the GSTR-9C for the period from FY 2017-18 to FY 2021-22 is furnished between 1 st April 2023 to 30th June 2023, the total of late fee shall be restricted to Rs 20,000/- and any late fee in excess of Rs 20,000/- shall be waived off. b. For the period FY 2022-23 – The late fee for the FY 2022-23 and onwards shall be applicable as below on the basis of the total turnover:
i. For Turnover upto Rs 5 Crore: The late fee of Rs 50/- per day shall be applicable subject to maximum of 0.04% of the total turnover. The late fee of Rs 50/- includes both CGST & SGST, i.e. Rs 25/- CGST and Rs 25/- SGST. ii. For Turnover between Rs 5 Crore to Rs 20 Crore: The late fee of Rs 100/- per day shall be applicable subject to maximum of 0.04% of the total turnover. The late fee of Rs 100/- includes both CGST & SGST, i.e. Rs 50/- CGST and Rs 50/- SGST. iii. For Turnover above Rs 20 Crore: The late fee of Rs 200/- per day shall be applicable subject to maximum of 0.5% of the total turnover. The late fee of Rs 200/- includes both CGST & SGST, i.e. Rs 100/- CGST and Rs 100/- SGST.
CAclubindia
