Скачать с ютуб GSTR 9 & 9C Late Fees Waiver Scheme | FY 2017-18 to FY 22-23 | New GST Circular| Detailed guide в хорошем качестве

GSTR 9 & 9C Late Fees Waiver Scheme | FY 2017-18 to FY 22-23 | New GST Circular| Detailed guide

Representations have been received seeking clarification regarding levy of late fee payable for delay infurnishing of reconciliation statement in FORM GSTR-9C . It has been requested to clarify whether late fee under section 47 of Central Goods and Services Tax Act, 2017 (hereinafter referred to as the “CGST Act”)will be leviable where reconciliation statement in FORM GSTR-9C is not furnished by the registeredperson alongwith the annual return in FORM GSTR-9 but is filed subsequently beyond the due date offurnishing of annual return. On a combined reading of section 44 of CGST Act with Rule 80 of the CGST Rules, it can beconcluded that both pre and post amendment, the provisions mandated that registered persons requiredto furnish an annual return in FORM GSTR-9 for a financial year shall also furnish along with it, a dulycertified or self-certified reconciliation statement in FORM GSTR-9C, which reconciles the value ofsupplies declared in FORM GSTR-9 furnished for the said financial year with the audited annual financialstatement. It is also mentioned that a reconciliation statement in FORM GSTR-9C is required to be filedonly if the aggregate turnover of the said registered person during a financial year exceeds the specified threshold limit. It is further mentioned that vide notification No. 08/2025-Central Tax dated 23.01.2025 , the late fee inrespect of delayed filing of complete annual return for any financial year upto FY 2022-23 has beenwaived, which is in excess of the late fee payable under sub-section (2) of section 47 of CGST Act uptothe date of furnishing of return in FORM GSTR-9 for the said financial year, if the reconciliation statement in FORM GSTR-9C is furnished on or before 31st March 2025. Accordingly, in cases where reconciliationstatement in FORM GSTR-9C was required to be furnished along with the return in FORM GSTR-9 , but was not furnished so for any financial years upto FY 2022-23, and has been furnished subsequently on orbefore 31st March, 2025, then no additional late fee shall be payable for delayed furnishing of FORMGSTR-9C which is in excess of the late fee payable under section 47 upto the date of furnishing FORM GSTR-9 for the said financial year. Further, no refund shall be admissible in respect of any amount of latefee already paid in respect of delayed furnishing of FORM GSTR-9C for the said financial years. Circular Link - https://taxinformation.cbic.gov.in/vi... #GSTChanges #GSTNews #GSTLatest #GSTUpdates #GSTAmendments #TaxWithoutTears #CADivyaAggarwal #CADivyaBansal #GSTLatestUpdate #Section38GST #GSTBuyerProblem #BewareofGSTSupplier #tax2023 #GST *Disclaimer* 1. This video is for creating awareness about the newly introduced tax reform GST. 2. Here Tax without tears (TWT) team does not intend to advertise/solicit clients & doesn’t take responsibility for any decisions taken on the basis of this video. For more important updates and resources connect with us on Facebook:   / taxwithouttears   You tube:    / taxwithouttears   Twitter:   / taxwithouttears   LinkedIn:   / divya-bansal-438294158   Telegram: https://t.me/taxwithouttears Instagram: https://www.instagram.com/cadivyaa_ag... You can drop your concerns at [email protected]