Section 47 of the CGST Act, 2017: Levy of late fee

(1) Any registered person who fails to furnish the details of outward ¹[or inward] supplies required under section 37 ²[or section 38] or returns required under section 39 or section 45 ³[or section 52] 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 per cent. Of his turnover in the State or Union territory.

Notes –

1. Omitted vide The Finance Act, 2022, w.e.f. 1-10-2022. (Made effective through NN 18/2022-CT dated 28th Sept, 2022.)

2. Omitted vide The Finance Act, 2022, w.e.f. 1-10-2022. (Made effective through NN 18/2022-CT dated 28th Sept, 2022.)

3. Inserted vide The Finance Act, 2022, w.e.f. 1-10-2022. (Made effective through NN 18/2022-CT dated 28th Sept, 2022.)