CBIC Waives Late Fees for FORM GSTR-9C Filing for FY 2017-18 to 2022-23
By Admin | January 23, 2025 | Categories: 55th GST Council | 4 Min Read
The Central Board of Indirect Taxes and Customs (CBIC) has provided relief to taxpayers by waiving late fees under Section 47 of the CGST Act, 2017, for the delayed filing of FORM GSTR-9C for the financial years 2017-18 to 2022-23. Here’s what you need to know:
Key Highlights of the Waiver
The waiver applies to registered taxpayers who are required to file both FORM GSTR-9 (annual return) and FORM GSTR-9C (reconciliation statement) but failed to submit FORM GSTR-9C on time.
Late fees exceeding the amount payable up to the date of filing FORM GSTR-9 are waived, provided the delayed FORM GSTR-9C is filed on or before March 31, 2025.
No refunds will be provided for late fees already paid for prior delays.
Notification Details
CBIC issued Notification No. 08/2025 – Central Tax on January 23, 2025, to implement this waiver. The move is based on recommendations made during the 55th GST Council Meeting, chaired by Union Finance Minister Smt. Nirmala Sitharaman in Jaisalmer, Rajasthan, on December 21, 2024.
Encouraging Compliance
This waiver is aimed at encouraging timely compliance with GST filing requirements. It offers a significant relief to taxpayers who faced challenges in meeting deadlines in the past.
Important Deadlines
To avail of this benefit, taxpayers must file their pending FORM GSTR-9C for the financial years 2017-18 to 2022-23 no later than March 31, 2025.
For more details, refer to the official notification issued by CBIC. Ensure compliance and avoid unnecessary penalties by meeting the revised deadline.
Tags: CBIC GSTR-9C Late Fee Waiver, GST Council Meeting Highlights, GST Updates January 2025, GSTR Filing Deadline
