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Taxation Bihar Ministry of Finance Bihar Goods and Services Tax Act, 2017

Extension of time period for the waiver of late fees on non-furnishing of returns under section 44 of the Bihar Goods and Services Tax Act, 2017

18-Aug-2023 | S.O. 235

Government of Bihar has issued a Notification regarding the extension of the period from 30th June to 31st August 2023 for filing the return under section 44 of the Bihar Goods and Services Tax Act, 2017.

As per the Notification, the extension applies to any of the financial years 2017-18, 2018-19, 2019-20, 2020-21, or 2021-22. If the return is furnished between the 1st day of April 2023 and the 3Ist day of August 2023, the total amount of late fee payable under section 47 of the Act for the said return, which exceeds ten thousand rupees, will be waived.

It is important to note that on the recommendations of the Council, the Governor of Bihar has decided to waive the late fee referred to in section 47 of the Act for returns filed under section 44 of the Act for the financial year 2022-23 onwards. This waiver is applicable to specific classes of registered persons who fail to furnish the return by the due date. The classes and corresponding late fee amounts are as follows:

1. Registered persons with an aggregate turnover of up to five crore rupees in the relevant financial year: Twenty-five rupees per day, subject to a maximum of 0.02% of turnover in the State or union territory.

2. Registered persons with an aggregate turnover of more than five crore rupees and up to twenty crore rupees in the relevant financial year: Fifty rupees per day, subject to a maximum of 0.02% of turnover in the State or union territory.

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