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Taxation Uttar Pradesh Ministry of Finance Uttar Pradesh Goods and Services Tax Act, 2017

Government of Uttar Pradesh waives the amount of late fee in respect of the annual return furnished under section 44 of the Uttar Pradesh Goods and Services Tax Act, 2017 for the financial year 2022-23 onwards

24-Apr-2023 | 513/XI-2-23-9(47)-17-T.C.213-U.P.Act-1-2017-Order

Government of Uttar Pradesh has issued a Notification regarding the waiver of late fee in respect of the annual return furnished under section 44 of the Uttar Pradesh Goods and Services Tax Act, 2017 for the financial year 2022-23 onwards, effective from 31st March 2023

By virtue of the Notification, Government of Uttar Pradesh has waived the late fee which is in excess of twenty-five rupees per day, subject to a maximum of an amount calculated at 0.02 percent of turnover in the State or Union territory for registered persons having an aggregate turnover of up to five crore rupees in the relevant financial year and Fifty rupees per day, subject to a maximum of an amount calculated at 0.02 percent of turnover in the State or Union Territory for the registered persons having an aggregate turnover of more than five crores rupees and up to twenty crore rupees in the relevant financial year.

Further, for the registered persons who fail to furnish the return under section 44 of the Act by the due date for any of the financial years 2017-18, 2018-19, 2019-20, 2020-21 or 2021-22, but furnish the said return between the period from the 1st day of April, 2023 to the 30th day of June, 2023, the total amount of late fee under section 47 of the Act payable in respect of the said return, shall stand waived which is in excess of ten thousand rupees.

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