M/s Khatri Electronics Pvt. Ltd. a registered supplier in Bengaluru, Karnataka provides the following information relating to the Inward and Outward supply made during the month of August, 2025: Outward Supplies S. No. P

CS Executive · Tax Laws and Practice · PYQS · June 2026
M/s Khatri Electronics Pvt. Ltd. a registered supplier in Bengaluru, Karnataka provides the following information relating to the Inward and Outward supply made during the month of August, 2025: Outward Supplies S. No. Particulars 1. Advance received ₹2,00,000 from Anurag of Karnataka for business support services to be supplied in the month of September, 2025. 2. Supplied Refrigerators worth ₹15,00,000 to a dealer in Kerala. It includes freight of ₹50,000 incurred by Khatri Electronics Pvt. Ltd. as per the terms of supply. 3. Provided commissioning services worth ₹4,00,000 under Pure labor contract to M/s Blue Wings of Surat, Gujrat for Multi-storey residential complex. 4. Supplied a latest technology laptop with touch screen option to Managing Director's friend for a consideration of ₹70,000 (open market value) as well as sale to unknown customers was at ₹1,25,000. 5. Provided a 5% cash discount for early payment on intra-state supply worth ₹2,00,000 (18% GST). Discount was pre-agreed and noted in the invoice. Inward Supplies S. No. Particulars 1. Raw materials from a local supplier: ₹6,00,000 @ 5%. 2. Bought a SUV motor vehicle for official use: ₹10,00,000 + 18% IGST. 3. Purchased goods from Agarwal & Co., a registered composition dealer in the state of Karnataka worth ₹5,00,000. 4. Purchased Industrial HVAC system (Capital Goods) from a registered dealer of Mumbai: ₹8,00,000 + 18% IGST. 5. Payment of ₹50,000 made to M/s ABC Caterers of Bengaluru for providing daily breakfast and lunch to the employees of the company, as voluntary staff welfare measure. GST Rate is applicable @ 5% on it. Balance available in electronic credit ledger of M/s Khatri Electronics Pvt. Ltd. at the beginning of August, 2025 are: Amount (₹) CGST 50,000 SGST 45,000 IGST 20,000 Additional Information: (i) M/s Khatri Electronics Pvt. Ltd. regularly filed its monthly GST Return on time. But Annual Return under GST for the financial year 2024-25 was filed on 31st March, 2026. The turnover of M/s Khatri Electronics Pvt. Ltd. during the financial year 2024-25 was ₹6 crore. (ii) Both the outward and inward supplies given above are exclusive of GST unless stated otherwise. (iii) Rate of CGST, SGST and IGST is to be charged 9%, 9% and 18% respectively where no specific rate is provided. (iv) All conditions necessary for availing the ITC have been fulfilled except mentioned above. Based on the above information, you are required to explain the due date of filing of Annual Return u/s 44 of the CGST Act, 2017. Is there any late fees is charged to M/s Khatri Electronics Pvt. Ltd. for delay filing of Annual Return for financial year 2024-25 which was filed on 31st March, 2026? Also explain the provisions relating to late fees for filing of Annual Return under section 47(2) of the CGST Act, 2017.

Answer & Explanation:

Due date of filing of Annual Return u/s 44 is 31st December of the next financial year. In this case due date of filing of Annual Return is 31.12.2025. Yes, M/s Khatri Electronics Pvt. Ltd. is liable to pay late fees for delay filing of Annual Return. As per Section 47 (2) of CGST Act 2017 any registered person who fails to furnish the return required under section 44 of the CGST Act 2017 by the due date shall be liable to pay a late fee of (a) late fee of one hundred rupees for every day (b) subject to a maximum of an amount calculated at a quarter per cent. of his turnover in the State or Union territory. However, vide Notification No. 7/2023-C.T., dated 31-3-2023, the late fee under section 47(2) was partially waived off and revised structure was notified for the following categories of registered persons. (a) Twenty-five rupees per day, subject to a maximum of an amount calculated at 0.02 percent of turnover in the State or Union territory where registered persons having an aggregate turnover of upto five crore rupees in the relevant financial year. (b) Fifty-rupees per day, subject to a maximum of an amount calculated at 0.02 percent of turnover in the State or Union territory where registered persons having an aggregate turnover of more than five crore rupees in the relevant financial year. Hence in the given question late fees would be: (i) ₹50/- per day for 90 days = ₹4,500 (each CGST and SGST) OR (ii) 0.02% of ₹6 crore = ₹12,000 (each CGST and SGST) Whichever is lower Late fees = ₹4,500 (each CGST and SGST) Total Rs. ₹9,000

Topics: GST

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