{"id":10322,"date":"2025-01-21T10:49:09","date_gmt":"2025-01-21T10:49:09","guid":{"rendered":"https:\/\/sunkrish.com\/?p=10322"},"modified":"2025-01-25T11:18:13","modified_gmt":"2025-01-25T11:18:13","slug":"government-waives-late-fee-for-delayed-gst-filings","status":"publish","type":"post","link":"https:\/\/sunkrish.com\/index.php\/2025\/01\/21\/government-waives-late-fee-for-delayed-gst-filings\/","title":{"rendered":"Government waives late fee for delayed GST filings"},"content":{"rendered":"<div>\n<figure id=\"attachment_3021\" class=\"thumbnail wp-caption alignleft\" style=\"width: 240px\"><a href=\"https:\/\/sunkrish.com\/wp-content\/uploads\/download-14.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-3021\" src=\"https:\/\/sunkrish.com\/wp-content\/uploads\/download-14.jpg\" alt=\"\" width=\"240\" height=\"132\" \/><\/a><figcaption class=\"caption wp-caption-text\"><strong><em>The Central Board of Indirect Taxes and Customs (CBIC) announced a waiver of late fees for delayed filings of reconciliation statements and annual returns (GSTR-9C) for the financial years 2017-18 to 2022-23. Taxpayers must file the reconciliation statement by March 31, 2025, to avail the waiver.<\/em><\/strong><\/figcaption><\/figure>\n<p>The Central Board of Indirect Taxes and Customs (CBIC) Thursday announced a waiver of late fees for delayed filings of reconciliation statements and annual returns for the financial years 2017-18 to 2022-23.<\/p><\/div>\n<div><\/div>\n<p>The Ministry of Finance has issued a notification relevant for Goods and Service Tax (GST) registered taxpayers who failed to file the annual reconciliation statement through the GSTR-9C form.<\/p>\n<p>&nbsp;<\/p>\n<p>As per the circular eligible GST taxpayers now have an opportunity to get a waiver of any pending late fees for filing GSTR-9C for FY 2017-18, FY 2018-19, FY 2019-20, FY 2020-21, FY 2021-22 or FY 2022-23. However, for availing the benefit of waiver of late fees. you need to file any pending GSTR-9C on or before March 31, 2025.<\/p>\n<p>&nbsp;<\/p>\n<p>The original deadline to file GSTR-9 and GSTR-9C, both for any particular financial year is December 31. While the GSTR-9 annual return can very well be filed without the GSTR-9C return, the law recommends both the returns be filed together.<\/p>\n<p>The present notification is relevant for those taxpayers who didn\u2019t follow this recommendation and skipped filing GSTR-9C.<\/p>\n<p>Additionally, no refund will be provided for any late fees already paid for the delayed furnishing of GSTR-9C for these financial years, the notification said.<\/p>\n<p>This move is expected to bring relief to taxpayers who have delayed filing reconciliation statements in the past. The government&#8217;s decision is seen as a step towards easing the compliance burden on taxpayers and promoting voluntary compliance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Board of Indirect Taxes and Customs (CBIC) Thursday announced a waiver of late fees for delayed filings of reconciliation statements and annual returns for the financial years 2017-18 to 2022-23. The Ministry of Finance has issued a notification &hellip; <a href=\"https:\/\/sunkrish.com\/index.php\/2025\/01\/21\/government-waives-late-fee-for-delayed-gst-filings\/\">Continued<\/a><\/p>\n","protected":false},"author":1,"featured_media":3021,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,491],"tags":[1004,311,322,298,535,972],"class_list":["post-10322","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-corporate-services","category-income-tax-e-filing-of-returns-for-individuals-partnerships-companies","tag-central-board-of-indirect-taxes-and-customs-cbic","tag-corporate","tag-e-filing","tag-ease-of-doing-business","tag-goods-and-services-tax-gst","tag-gst-network-gstn"],"_links":{"self":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/10322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/comments?post=10322"}],"version-history":[{"count":3,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/10322\/revisions"}],"predecessor-version":[{"id":10326,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/10322\/revisions\/10326"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media\/3021"}],"wp:attachment":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media?parent=10322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/categories?post=10322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/tags?post=10322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}