AJAY BABAN NAVALE (Student) (54 Points)
30 January 2022Please let me know the Late Fees for Composition Tax Payer (In Case of Trader i.e. Wholesaler & Retailer)
for CMP-08 Minimum and Maximum Late fees
for GSTR4 Minimum and Maximum Late fees
and Rate of Interest for delayed in filing of return from April 2019 and Onwards.
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 31 January 2022
CA Rakesh
(CA)
(61 Points)
Replied 03 February 2022
If taxpayers have failed to file their return before the given due date, the late fees are available INR 50/day, including INR 25/day CGST and INR 25/day SGST in case of any tax liability. Moreover, if the Nil liability, the late fees have been charged the INR 20/day, i.e., INR 10/day CGST and INR 10/day SGST in GSTT-4 and 200 per day including INR 100/day CGST and INR 100/day SGST in GST CMP-08.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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