The Government of Assam on September 06, 2024, issued a notification to waive the amount of the late fee in respect of the return to be furnished for the financial year 2022-23 under the Assam Goods and Services Tax Act, 2017.
The following has been stated in the table:
• Registered persons having an aggregate turnover of up to five crore rupees in the relevant financial year
Twenty-five rupees per day, subject to a maximum of an amount calculated at 0.02 percent of turnover in the State
• Registered persons having an aggregate turnover of more than five crores rupees and up to twenty crore rupees in the relevant financial year
Fifty rupees per day, subject to a maximum of an amount calculated at 0.02 percent of turnover in the State
Provided that for the 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 April 01, 2023, to June 30, 2023, the total amount of late fee payable in respect of the said return, shall stand waived which is in excess of ten thousand rupees.
This notification shall be deemed to have come into effect from March 31, 2023.
[Notification No. 155446/284]
