what late fee applicable if only exempt supply is made?
is it 25 per day or 10?
Exempt sale 3B late fee
Nikita Jadhav (ca student) (96 Points)
07 June 2018
12 Replies
Divyam Goel
(Chartered Accountant)
(36 Points)
Replied 07 June 2018
if no liability to pay taxes is there, it will rs.10 per day per act.
Divyam Goel
(Chartered Accountant)
(36 Points)
Replied 08 June 2018
But if the tax liability is nil, then the late fees should be Rs.10 and not Rs.25!
Nikita Jadhav
(ca student)
(96 Points)
Replied 08 June 2018
ok the n
if only itc is enters then 10 late fee will be applicable
if only itc is enters then 10 late fee will be applicable
Vinod Babu
(24196 Points)
Replied 08 June 2018
20/- per day for 3B (nil return)
50/- per day for 3B and GSTR1
Late Fee is applicable for GSTR 3B and GSTR 1* returns of we filed after due date...
For both (GSTR 3B and GSTR 1) returns late fee as following...
If Nil Return - Rs 20 (CGST Rs 10 and SGST Rs 10)
Other than Nil return Rs 50 (CGST Rs 25 and SGST Rs 25)
Note:
In current situation GSTR 1 return's late fee not imposed...
50/- per day for 3B and GSTR1
Late Fee is applicable for GSTR 3B and GSTR 1* returns of we filed after due date...
For both (GSTR 3B and GSTR 1) returns late fee as following...
If Nil Return - Rs 20 (CGST Rs 10 and SGST Rs 10)
Other than Nil return Rs 50 (CGST Rs 25 and SGST Rs 25)
Note:
In current situation GSTR 1 return's late fee not imposed...
Nikita Jadhav
(ca student)
(96 Points)
Replied 08 June 2018
but act have said 20 per day late fee if nil liability
so following cases came under same i .e
only exempt supply
only itc claim
tax liability after itc is nil
so whether all above cases fall under same and chargeable for 20 per day late fee as in all above cases gst liab is Nil
so following cases came under same i .e
only exempt supply
only itc claim
tax liability after itc is nil
so whether all above cases fall under same and chargeable for 20 per day late fee as in all above cases gst liab is Nil
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 08 June 2018
It's 25/- CGST + 25/- SGST ,. Total 50/-
CA PANKAJ PATEL
(C.A. )
(76 Points)
Replied 17 September 2019
only itc is claimed in a month no outward supply then late fees ? in portal the late fees computing 50 ...
CA PANKAJ PATEL
(C.A. )
(76 Points)
Replied 17 September 2019
only itc is claimed in a month no outward supply then late fees ? in portal the late fees computing 50 ...
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