Relief for Taxpayers: GST Council proposes Late Fee Waiver for GSTR-9C Filing by March 31, 2025

The GST Council has proposed a late fee waiver for the filing of GSTR-9C returns until March 31, 2025. This relief is designed to ease the burden on taxpayers who may face difficulties in submitting the required reconciliation statements within the prescribed timelines. The decision is expected to encourage compliance by providing an extended deadline for GSTR-9C filings without the fear of incurring late fees. This move is a part of the government’s broader strategy to simplify GST compliance and reduce the financial penalties faced by taxpayers. The waiver is expected to provide relief to businesses and reduce administrative challenges related to tax filing.