CGST Section 47: Levy of Late Fee for delay in Furnishing Return, Details, etc.

Provisions under Section 47 of the CGST Act 2017 relating to “Levy of Late Fee for delay in Furnishing Return, Details, etc.”:

Section 47: Levy of Late Fee (CHAPTER IX: RETURNS) [*1]

(1) Any registered person who fails to furnish the details of outward [*2(a)] supplies required under section 37 [*2(b)] or returns required under section 39 or section 45 or section 52 [*2(c)] 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 percent of his turnover in the State or Union territory.

Notes (History of Amendments in Bare Text):

1. CGST Section 47 introduced vide GOI Notification dated 12/04/2017, followed with CBEC Notification 9/2017 on commencement date of 01/07/2017.

2. Amendments in sub section (1), vide Section 108 of the Finance Act 2022, followed with Notification 18/2022 on commencement date of 01/10/2022:

(a) the text “or inward” omitted;

(b) the text “or section 38” omitted;

(c) the text “or section 52” inserted after the text “section 39 or section 45”.

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