Composite Scheme
Faheem Akram (802 Points)
23 April 2018Faheem Akram (802 Points)
23 April 2018
AMIT KAPOOR
(SELF EMPLOYED)
(491 Points)
Replied 23 April 2018
A penalty of Rs. 200 per day is levied if the GSTR-4 is not filed.
The maximum penalty that can be charged is Rs. 5,000.
Also, if the GSTR-4 is not filed for a given quarter, then the taxpayer cannot file the next quarter’s return either.
Latest Update
As per Latest Notification 73/2017 late fees for GSTR-4 has been reduced to Rs. 50 per day of default. Also, the late fees for NIL return in GSTR-4 have been reduced to Rs. 20 per day of delay.
Master GSTR-9 and 9C with India's First Unique Live Course with Live practical training
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(without recording)