PENALTIES FOR NON FILING OF FORM 9C BEFORE DUE DATE

Reply— 

As per section 47 of CGST Act, Any registered person who fails to furnish the return required under section 44 (annual return GSTR-9) 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.

As per section 44(2) of CGST Act, Every registered person who is required to get his accounts audited in accordance with the provisions of sub-section (5) of section 35 shall furnish, electronically, the annual return under sub-section (1) along with a copy of the audited annual accounts and a reconciliation statement, reconciling the value of supplies declared in the return furnished for the financial year with the audited annual financial statement, and such other particulars as may be prescribed.