Composite Scheme
Faheem Akram (802 Points)
23 April 2018
how much late fees per day for Composition scheme?
Faheem 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.
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