THE CENTRAL GOODS AND SERVICES TAX ACT, 2017
RETURNS
Section 47: Levy of late fee. (Relevant Updates)
*(1) Any
registered person
who fails to furnish the details of
outward [helldod 1omit[or inward]
helldod] supplies required under section 37 [helldod
1omit[or section 38]
helldod] or
returns
required
under section 39 or
section 45 2[or
section 52] by the due date shall pay a late fee of one
hundred rupees for every day during which such failure continues subject to a
maximum amount of five thousand rupees.
(2) Any registered person who fails to furnish
the return required under section 44 by the due date shall be liable to pay a
late fee of one hundred rupees for every day during which such failure
continues subject to a maximum of an amount calculated at a
quarter
per cent. of his turnover in the
State
or
Union territory
.