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Untitled 1
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY,
PART II, SECTION 3, SUB SECTION (i)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS
NOTIFICATION NO. 07/2023 – CENTRAL TAX
New Delhi, dated the 31st March, 2023
S.O......(E).– In exercise of the powers conferred by section 128 of the
Central Goods and Services Tax Act, 2017 (12
of 2017) (hereinafter referred to as the said Act), the Central Government, on
the recommendations of the Council,
hereby waives the amount of late fee referred to in section 47 of the said Act
in respect of the return to be furnished
under section 44 of the said Act for the financial year 2022-23 onwards, which
is in excess of amount as specified in
Column (3) of the Table below, for the classes of registered persons mentioned
in the corresponding entry in Column
(2) of the Table below, who fails to furnish the return by the due date,
namely:—
Table
Serial
Number
|
Class of registered persons |
Amount |
| (1) |
(2) |
(3) |
| 1 |
Registered persons having an aggregate turnover
of up to five crore rupeesin the relevant financial
year.
|
Twenty-five rupees per day, subject to a
maximum of an amount calculated at 0.02 per
cent. of turnover in the State or Union territory.
|
| 2 |
Registered persons having an aggregate turnover
of more than five crores rupees and up to twenty
crore rupees in the relevant financial year.
|
Fifty rupees per day, subject to a maximum of an
amount calculated at 0.02 per cent. of turnover
in the State or Union territory.
|
Provided that for the registered persons who fail to furnish the return under
section 44 of the said Act by the
due date for any of the financial years 2017-18, 2018-19, 2019-20, 2020-21 or
2021-22, but furnish the said return
between the period from the 1st day of April, 2023 to the 30th day of June,
2023, the total amount of late fee under
section 47 of the said Act payable in respect of the said return, shall stand
waived which is in excess of ten thousand
rupees.
[F. No. CBIC-20013/1/2023-GST]
(Alok Kumar)
Director
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