Levy of late fee

47. Levy of late fee. - (1) Any registered person who fails to furnish the details of outward 1[XXX]1 supplies required under section 37 1[XXX]1 or returns required under section 39 or section 45 2[or section 52]2 by the due date shall pay a late fee of one hundred rupees for every day during which such failure continues subject to a maximu m 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 max imum of an amount calculated at a quarter per cent. of his turnover in the State.