The Govt. of Rajasthan has issued a notification waiving its late fees for the GST Annual Return filed by registered persons under its GST Act, 2017. This notification was issued on 1st April, 2023.
The State Government waives the late fee for the financial year 2022-23 onwards, which is in excess of amount and for the classes of registered persons specified in this notification.
This waiver is granted for the following classes of registered persons as follows:
- Registered persons having an aggregate turnover of up to 5 crore rupees in the relevant financial year. And where the amount is in excess of Rs. 25 per day, subject to a maximum of an amount calculated at 0.02 per cent. of turnover in the State
- Registered persons having an aggregate turnover of more than 5 crore and up to 20 crore rupees in the relevant financial year. And where the amount is in excess of Rs. 50 per day, subject to a maximum of an amount calculated at 0.02 per cent. of turnover in the State
- Registered persons who fail to furnish the return 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 April, 2023 to 30th June, 2023, the total amount of late fee payable in respect of the said return, shall stand waived which is in excess often thousand rupees.
