A registered composite scheme sec 50 (1) notice received sec 74 late filed CMP -08 return
July to September tax rs:3577 rs:3577 date filed:23-03-23 delay no of days 156 tax 275 tax 275 penalty.
question:
composition dealer sec 50(1) applicable in gst act
Section 74 cannot be invoke on delay filing of return.
As per Section 50 of gst Interest is levable & as per Section 47 late fee is levable. But As per Rule 62 of CGSTAct CMP-08 is not a return form , it's an STATEMENT containing the details of payment of Self-assessed tax Qtly & late fee is applicable on Late filing return not STATEMENT.
So late fee is not applicable in this case.
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