Penalty Norms When You Miss the Due Date of GSTR-9 Filing
As per the penalty provisions of the GSTR-9 annual return form, the taxpayer has to pay Rs. 200 per day as a penalty of which Rs. 100 consists of SGST and Rs. 100 for CGST. Also, it is to be noted that the total penalty cannot exceed 0.25% of the total turnover on which the said penalty is being levied.
From the financial year 2022-23 onwards, Taxpayer has to pay Rs.50 per day as the penalty of which Rs 25 consists of SGST & Rs.25 consists of CGST in case of Turnover up to Rs. 5 crores. In case of Turnover exceeds Rs.5 crore late fee would be Rs.100 consisting of Rs. 50 for SGST & Rs.50 for CGST.
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