Section 47 of CGST Act - Levy of late fee

47. Levy of late fee.[1]

(1) Any registered person who fails to furnish the details of outward [2][***] supplies required under section 37 [3][***] or returns required under section 39 or section 45 [4][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.

[1] This Section was made effective by Notification No. 09/2017-Central Tax dt. 28-06-2017 wef 01-07-2017.

[2] Words “or inward” omitted by section 108(a) of the THE FINANCE ACT, 2022 and made effective from 01-10-2022 by Notification No. 18/2022-Central Tax dt. 28-09-2022.

[3] Words “or section 38” omitted by section 108(b) of the THE FINANCE ACT, 2022 and made effective from 01-10-2022 by Notification No. 18/2022-Central Tax dt. 28-09-2022.

[4] Words inserted by section 108(c) of the THE FINANCE ACT, 2022 and made effective from 01-10-2022 by Notification No. 18/2022-Central Tax dt. 28-09-2022.

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CHAPTER IX - RETURNS

Section 47 of CGST Act - Levy of late fee