Section 47. Levy of late fee. –

Important Keyword: Section 45, Section 39, Section 52, Section 44.

 GST Section 47. Levy of late fee. –

(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 amount of five thousand rupees.

(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.

​​* Enforced w.e.f. 22nd June, 2017.

1. Omitted (w.e.f. 1st October, 2022 vide Notification No. 18/2022 – CT dated 28.09.2022) by s. 108 of The Finance Act 2022 (No. 6 of 2022). 

2. Inserted (w.e.f. 1st October, 2022 vide Notification No. 18/2022 – CT dated 28.09.2022) by s. 108 of The Finance Act 2022 (No. 6 of 2022).

Read More: Notification No. 27/2019 – Central Tax (Rate) GST: Seeks to further amend notification No. 01/2017-Central Tax (Rate), to change the rate of Goods and Services Tax on goods as per recommendations of the Goods and Services Tax Council in its 38th Meeting.

Web Stories: Notification No. 27/2019 – Central Tax (Rate) GST : Seeks to further amend notification No. 01/2017-Central Tax (Rate), to change the rate of Goods and Services Tax on goods as per recommendations of the Goods and Services Tax Council in its 38th Meeting.

Download Pdf: https://taxinformation.cbic.gov.in/