

GST Late Fee Waiver: A Big Relief for Businesses
Late Fee Waiver Announcement by CBIC
The Central Board of Indirect Taxes and Customs (CBIC) has introduced a significant relief measure. Businesses struggling with late fees for GSTR-9C filing can now breathe a sigh of relief. This late fee waiver applies to financial years from 2017-18 to 2022-23.
CBIC, under the Ministry of Finance, made this announcement via a circular. Businesses must furnish their GSTR-9C reconciliation statements by March 31, 2025, to avail of this benefit.
Key Highlights of the Waiver
- Applicable Financial Years: 2017-18 to 2022-23.
- Deadline for Filing: March 31, 2025.
- Refund Policy: No refund for fees already paid.
This move aims to support businesses that faced challenges in timely filing due to technical or operational hurdles.
Table: GSTR-9C Filing Late Fee Waiver Details
Aspect | Details |
---|---|
Waiver Applicable To | Financial years 2017-2023 |
Form Required | GSTR-9C |
Filing Deadline | March 31, 2025 |
Refund on Paid Fees | Not available |
Why This Update Matters
- Cost Savings: Businesses save significant amounts on late fees.
- Extended Deadline: Provides enough time to file pending statements.
- Compliance Encouragement: Promotes timely submission of future returns.
Did You Know?
The GSTR-9C is a reconciliation statement that matches the financial records of a business with GST returns. Filing this ensures accuracy and compliance.
CBIC’s decision is a major step toward easing compliance pressures on Indian businesses. If you’ve missed filing, act now and take advantage of this relief