Hey all,
Today, I will give good news for the GSTR-9 filers.
The government has announced a big relief for the filing of the GSTR-9 for FY 2022-23. if any taxpayer is late for the filing of GSTR-9 then he would pay taxes in the new scheme and this scheme is a very good scheme for all the taxpayers.
Because in this scheme a taxpayer will pay taxes in a very small amount under this scheme and we can call this scheme is GSTR-9 amnesty scheme.
By NN7/2023 the government has declared that, if any taxpayer is late for the filing of GSTR-9 then you have to follow this rate for the payment of tax.
Here I am maintaining the new rate of GSTR-9
Late fee for FY 2022-23 onwards [Sec-47, NN7/2023]
| S.no | Turnover | Late Fees | Maximum Limit |
| 1 | Up-to 05 Crore | 50/Day | 0.04% of the Turnover |
| 2 | 05 crore to 20 crore | 100/Day | 0.04% of the Turnover |
| 3 | Above 20 crore | 200/Day | 0.5% of the Turnover |
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