What will be the late fee (CGST + SGST) for delay in filing of Annual Return under section 44 of the CGST Act, 2017 for financial year 2022-23, if delay is for 47 days and turnover of the company was ₹5.20 crore during t

Particulars As per amendment notification no. 07/2023 CT dated 31.03.2023, In case of turnover is more than ₹5 Crore The late fee payable is the lower of: ₹100 per day [Central Goods and Services Tax (CGST) + State Goods and Services Tax (SGST)] or 0.04% of turnover [Central Goods and Services Tax (CGST) + State Goods and Services Tax (SGST)] Hence in the given case Late Fees is given below: ₹100 per day for 47 days = ₹4,700/- or 0.04% of ₹5.20 crores = ₹20,800/- Whichever is lower = ₹4,700/- Hence the late fees will be ₹4,700.