GST : The CBIC has issued a circular to clarify on applicability of late fees for delay in filing of GSTR-9C in accordance with notification no. 08/2025 dated 23.01.2025. (01.02.2025)

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GST

The CBIC has issued a circular to clarify on applicability of late fees for delay in filing of GSTR-9C in accordance with notification no. 08/2025 dated 23.01.2025. Summary is as follows:

  1. Key Point: Late fees under Section 47(2) of CGST Act apply if FORM GSTR-9C is not furnished along with FORM GSTR-9 when required. Filing is incomplete without both forms.
  2. Waiver: Late fees are waived for FY up to 2022-23 if FORM GSTR-9C is filed by 31st March 2025. No refund for already paid fees.
  3. Action: Taxpayers must file both forms timely to avoid penalties. Authorities to issue trade notices.

[Circular No. 246/03/2025 dated 30.01.2025]