Waiver of penalty when tax liability is less.

This query is : Resolved

Sayantan (Querist)
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19 June 2018 Dear Experts,

1. Is the max penalty in delayed filing of Returns is each return wise or in aggregate of all the delays during
the year?

2.An assessee has a net GST liability of Rs 10,000/- for the year 2017-18 . As he didn't file any GST Returns
, his delayed filing penalty is coming to Rs 30,000/- appx. Is there any way of waiver of the said penalty of
Rs 30,000/-
The assessee is a small time trader who voluntarily opted for GST registration under pressure from his
supplier.

RAJA P M

RAJA P M (Expert)
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19 June 2018 It's not penalty... It's LATE FEE...

1. The Late fee is applicable separately Rs. 5000 (CGST) + Rs. 5000 (SGST)

2. From July-17 to Sep-17 no more Late Fee. From Oct-17 Late fee is applicable. No way for without payment...