Section 47 of GST – Levy of late fee. Check GST Section 47 In this section you may find all details for Levy of late fee as per GST Act 2017. Detailed Analysis of GST Section 47 of GST Act 2017 – Levy of late fee. We Provide Complete Details for All GST Section’s and In this article you may find all details for GST Section 47. Check Section Wise Analysis of GST Act 2017, Chapter Wise Analysis of GST All Sections. in this article you may find complete details regarding Section 47 of GST Act 2017 – Levy of late fee, gst all sections and definitions. Now Check more details from below…..
Section 47 of GST – Levy of late fee
(1) Any registered person who fails to furnish the details of outward or inward supplies required under section 37 or section 38 or returns required under section 39 or section 45 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.
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