gstr 9c late fee waiver till march 2025

Big Relief for Taxpayers: CBIC Waives Late Fees for GSTR-9C

The CBIC issued Circular No. 246/03/2025-GST on January 30, 2025, clarifying the late fees for delays in submitting the reconciliation statement in FORM GSTR-9C. The circular addresses stakeholder concerns about late fees under section 47 of the CGST Act, 2017. Download Updated GSTR-9C Format in Excel & PDF Key Points of the Circular: Conclusion: This […]

Continue Reading

GST Invoice Wise Reporting Limit Reduced from 2.5 Lakh to 1 Lakh

According to Notification No. 12/2024 – Central Tax, dated July 10, 2024, the Government has revised the threshold Limit for reporting invoice-wise details of inter-state taxable outward supplies made to unregistered dealers, lowering it from ₹2.5 lakh to ₹1 lakh. This information should be reported in Table 5 of Form GSTR-1 and Table 6 of […]

Continue Reading