GST Notif. No. 08/2025, Waiving Late Fees for GSTR-9C Filing Delays (FY 2017-18 to 2022-23) has been issued

GST UPDATEZ ON 30-01-2025 by R.SRIVATSAN, IRS, NACIN, CHENNAI

As a measure of relief for the taxpayers a Notification No. 08/2025 – Central Tax, dated January 23, 2025, has been issued exempting late fees under section 47 of the Central Goods and Services Tax Act, 2017.

The exemption applies to the registered persons who were needed to submit the FORM GSTR-9C (reconciliation statement) along with their annual return in FORM GSTR-9 but failed to file it within the stipulated timelines for preceding financial years.

This waiver of late fees is applicable for the financial years
2017-18,
2018-19,
2019-20,
2020-21,
2021-22, and
2022-23.

The taxpayers who have paid the late fee for belated filing earlier shall not be qualified for any refund.

The late fees liable to be paid under section 47 of the CGST Act 2017 have been exempted for taxpayers who file their pending FORM GSTR-9C by March 31, 2025.

Therefore, it is suggested that the taxpayers file their due FORM GSTR-9C reconciliation statements on or before March 31, 2025 and get benefitted from this waiver.

Well…….

The notification has the positive motive to simplify the compliance load and motivate the timely filing of the due reconciliation statements.