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Section 47
LEVY OF LATE FEES

(1) Any registered person who fails to furnish the details of outward 1[**] supplies required under section 37 2[**] or returns required under section 39 or section 45   3[or section 52] 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.


 

1. Omitted Vide Finance Act 2022 w.e.f. 01.10.2022 Before it was read as--- “or inward”

2. Omitted Vide Finance Act 2022 w.e.f. 01.10.2022 Before it was read as--- “or section 38”

3. Inserted Vide Finance Act 2022 w.e.f. 01.10.2022 

 

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