CBIC quit delayed fees for GSTR-9C records in FY 2017-18 to 2022-23

Gstr Return Deposit Annual (GSTR-9) or GST reconciliation (GSTR-9C) for financial years 2017-18, 2018-19.2019-2020-21, 2022-23

Persons who have received an order from the department that requires a punishment for the non-functioning of GSTR-9 and GSTR-9C, as well as those who are aware of their obligation to submit these forms, now have the opportunity to do this for this years financial 2017-18-2022-23. Conformable Notification no. 8/2025, CBIC offers a renunciation of delayed taxes for delayed GSTR-9C records, provided that the forms are presented until March 31, 2025.

Please note that the deadline for compliance is approaching quickly. We strongly recommend taking immediate measures to avoid any punishments that can be imposed. It is important to note that, if taxes have already been paid, no refunds will be granted.

What is GSTR-9 and GSTR-9C?

Gstr-9 It is an annual GST statement to be submitted by registered taxpayers (excluding the distributors of entry services, certain exempted persons and non -resident taxpayers) by December 31 of the year following the relevant financial year. The requirement applies to companies with an aggregate turnover exceeding $ 2.

Gstr-9cOn the other hand, it is a declaration of reconciliation that must be submitted by taxpayers whose annual turnover exceeds 5 lei crore. This form compares the figures reported in GSTR-9 with the audited financial statements, ensuring consistency and compliance. The submission of GSTR-9C is mandatory for these taxpayers and must be signed by an authorized accountant (CA) or an equivalent professional.

However, it is important to note that this renunciation applies only to late GSTR-9C taxes. Any delay charges already paid will not to be reimbursed.

If a taxpayer has submitted GSTR-9 in time, but failed to submit GSTR-9C, this new provision allows them to complete the submission without supporting additional penalties. To prevent GST notifications or requests, taxpayers are encouraged to present GSTR-9C before the deadline.

Conditions for giving up

The renunciation of delayed taxes applies under the following conditions:

1. The timely submission of GSTR-9: If GSTR-9 has been submitted in time, the renunciation of delay fees is applied for GSTR-9C, provided it is submitted until March 31, 2025.

2. GSTR-9 delayed submission with paid taxes: If GSTR-9 has been delayed, but the taxpayer has already paid the applicable delay fees, no additional taxes will be required for GSTR-9C.

3. Shows causing ads (SCNs): Taxpayers who have received SCNs for non-payment of delay taxes related to GSTR-9C records may request the cancellation of these notifications when submitting GSTR-9C.

4. The renunciation applies to the value of the delay fees “that exceeds the delay tax paid in accordance with the sec. 47 (1) read with rule 80 (3) of the CGST act, 2017, until the date of the GSTR-9C supply form

Delayed tax to GSTR- 9 and GSTR- 9C (annual return for ordinary taxpayers)

Turnover in relevant financial year	Tax with delay per day	Maximum delay fee
Up to Rs 2 crore*	Without delayed charge	Does not apply
From 2 crore to 5 crore**	Rs 50	0.04% of turnover in the state or ut
From 5 crore to 20 crore**	Rs 100	0.04% of turnover in the state or ut
Over Rs 20 crore***	Rs 200	0.50% of turnover in the state or ut

* Exempted the registered person who has the annual turnover up to Rs 2 Crore for 23-24 during the FY period, depending on per per Notification 14/2024 of central tax. Similarly, exemption notifications have been launched for previous financial years.

** The above delay fee is applied starting with financial year 2022-23 conformable Notification 7/2023 of CentralTax.

*** The delay fee above is applicable is according to section 47 (2) of the CGST law 2017.

Importance of timely submission

Failure to comply with GSTR-9C until the extended term of March 31, 2025, can lead to penalties, control or audits. The GST department can initiate procedures for discrepancies in external supplies, tax obligations or credit applications for the entry tax (ITC). Taxpayers should avoid these risks, ensuring timely compliance.

The consequences of non -observance

If taxpayers do not meet the deadline for GSTR-9C, they may face the following consequences:

• Sanctions under section 125 From the CGST law: a punishment of up to 25,000 lei can be imposed for non -compliance.
• Raised scrutin: Persistent non-deposition can attract greater control, audits and potential fraud investigations.
• GST audits: Non -compliant taxpayers may face audits or evaluations to identify discrepancies or tax evasion.

Conclusion

The renunciation of the delayed taxes for the GSTR-9C records offers a significant exemption for the taxpayers who missed the submission for the financial years 2017-18-2022-23. The renunciation of delay taxes incurred on GSTR-9 for renouncing delay fees is only for GSTR-9C, by submitting GSTR-9C until March 31, 2025, companies can avoid additional sanctions and may ensure compliance with GST regulations.

*****

If you have any doubts or questions or if you encounter problems during the return, please do not hesitate to contact me at the phone number +91 9818640458 or by E -mail at [email protected].