WHAT IS THE MAXIMUM PENALTY FOR THE YEAR 17-18 FOR NOT FILING GSTR-9 AND 9C PL INFORM

Reply—As per Section 47 of CGST Act, any registered person who fails to furnish the return required under section 44 (annual return GSTR-9/9C) 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.

There is no separate penalty for non filing of GSTR-9C within due date, the above provision will applicable.

However s per notification no. 47/2019 central tax dated 09.10.2019, on the recommendations of the GST Council, those registered persons whose aggregate turnover in a financial year does not exceed two crore rupees shall have the option to furnish the annual return under sub-section (1) of section 44 of CGST Act. Thus, taxpayers whose turnover is less than Rs. 2 crore is not required to file annual return compulsorily for financial year 2017-18 and as well as 2018-19.