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

Reduction of late fees for Annual Returns from FY 2022-23 onwards under Section 44 for the Financial Year 2022-23 onwards

10-Apr-2023 | Notification No. 7/2023-State Tax

The Government of Himachal Pradesh has reiterated the CBIC circular dated 31st March 2023, reducing the late fees for filing the annual return for taxpayers having turnover of up to Rs. 20 Crores. The late fees shall be Rs. 50 per day (i.e. Rs 25 CGST and Rs 25 SGST) subject to a maximum of 0.04% (i.e. 0.02% CGST and 0.02% SGST) of the turnover and Rs. 100 per day (i.e. Rs 50 CGST and Rs 50 SGST) subject to a maximum of 0.04% (i.e. 0.02% CGST and 0.02% SGST) of the turnover for taxpayers having turnover up to 5 crores and up to 20 crores respectively.

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