Delay in filing gst return

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 June 2017 Dear Experts,
pls clarify... what % interest & penalty will be levied if there is default in payment of tax (GST) as well as filing returns thereof.

Thanks
Manoj Gupta

CA Parveen Kumar

CA Parveen Kumar (Expert)
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02 June 2017 In the case of late payment under GST, there are two implications
1. late payment of tax
2. late return

Because without payment of GST you won't be able to submit a final return.

On late payment of tax interest of 18% interest would be chargeable. If, the default continues for 3 months than the proper officer can impose a penalty of minimum 10,000.

Further, on filling of late return the late fees is Rs. 100 per day up to 5,000.

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