Late Fees or General Penalty on delayed filing of GSTR 9 or GSTR 9C under GST

Explore the debate over Late Fees versus General Penalty for delayed filing of GSTR-9C (Self Certified Reconciliation Statement in GST) in our latest RUclips video. Join us as we analyze different provisions and viewpoints to determine the most suitable approach. Tune in for an in-depth discussion and expert insights on this important aspect of GST compliance.
GST Advanced Course 2024: bit.ly/gstadvcourse
00:00 Analysis of Section 44(1) of the CGST Act
05:00 What is the nature of GSTR - 9C
07: 54 Analysis of Rule 80(1) and Rule 80(3) of the CGST Rules
15:21 Analysis of Section 47(2) of the CGST Act
20:41 Different Schools of Thought
22:49 General Penalty and its disciplines u/s 125 and 126 of the CGST Act
28:40 Time Limit is directory or mandatory - section 44(2) of the CGST Act
32:05 Nature of Penalty and its distinction with Late Fees or Interest
34:43 Delay in filing is really a "breach"?
35:50 Humble Opinion
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[@hemantgandhi9290]

Wonderful explanation ❤

[@praveens2905]

Sir bahut hi Acha samjate ho aap thanku thanks🙏🙏

[@govindaraovysyaraju1992]

Good explanation sir 🙏🙏

[@ramudgaryadav2760]

Great analysis sir teacher and guru mai yahi diff. H nice sir aap se 9 and 9c priticalt mai data kaise taiyar kare and file with excell sheet

[@josejose7972]

🙏🙏

[@rajadey1552]

I have a example for this why gstr9c is not a return.
Abc traders,” for the financial year Fy 2022-23.
Abc Traders filed their annual return gstr-9, which included details of sales, purchases, and input tax credit.
During the audit process, discrepancies were identified between the figures reported in gsrt9 and the financial statements prepared by Abc Traders.
Gstr-9c steps in to reconcile these discrepancies, ensuring alignment between Gst data and financial records.
The primary objective is to reconcile the data reported in gstr9 with the financial records, ensuring accuracy and transparency.