Late fees for GSTR 9 and 9C from 31.12.2020

CBIC had made various changes vide notification and had recently updated the turnover limit for conducting audit and filing of GST annual return which is as under:

GSTR 9: Turnover limit is 2 crore

GSTR 9C: Turnover limit is 5 crore.

As of now the due date for filing of GSTR 9 and GSTR 9C for FY 2018-19 is 31.12.2020 and after the due date the late fees for the same would be:

For GSTR 9: Rs 200 per day of delay subject to a maximum cap of an amount at 0.25% of total turnover in respective State/UT

For GSTR 9C: No specific provision, Hence, subject to a general penalty of Rs 25,000.

As of now no due date has been extended for FY 2018-19.

Update:

On 30.12.2020, CBIC has extended due date for filing of GSTR 9 and 9C till 28.02.2021 but the same has been increased for FY 2019-20. Hence there is no extension for annual return and audit for FY 2018-19 and if any return is uploaded after the above date there would be a late fees.