Waiver of late fee for filing pending GSTR-9C by March 31, 2025: CBIC clarifies who is eligible and how to calculate
Goods and Services Tax (GST) registered taxpayers who failed to file GSTR-9C, which is a reconciliation statement filed along with GSTR-9 annual return, can now file GSTR-9C on or before March 31, 2025, to get a complete waiver of all late fees. This late fee is up to Rs 200 per day for a maximum of 0.5% of turnover. This will now be waived off provided taxpayers file their pending GSTR-9C before the date specified above.
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According to CBIC, multiple representations have been received by taxpayers about how exactly the waiver of late fees be calculated since GSTR-9C cannot be filed independently without first filing the GSTR-9 annual return.
CBIC on January 30, 2025, issued a circular to give clarity about how the waiver will be calculated and which taxpayers are going to be eligible for this waiver of late fees.
Clarifications given by CBIC about waiver of late fees for filing pending GSTR-9C return on or before March 31, 2025
The latest original deadline to file both GSTR-9 and GSTR-9C was December 31, 2023, for eligible taxpayers to receive waiver for FY 2022-23. However, this waiver is applicable to the previous 5 more years. The waiver of late fees for GSTR-9C relates to FY 2017-18, FY 2018-19, FY 2019-20, FY 2020-21, FY 2021-22 or FY 2022-23.
What is the condition to avail this late fee waiver on pending GSTR-9C?
Not all taxpayers are eligible to get this waiver as it comes with certain conditions.
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