Dear sir,
We haven't filled any Nil returns for our firm more than 15 months due to no business... Now we want restart the business trying to file GST return, every month we are receiving Rs.10,000/- penalty..
Our aggregate Turnover Less than 50 for the financial year and previous financial year also..
Experts Please advise
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GST FINE PENALTY for Nil returns
Replies (4)
Meet gst officer and file all pending returns immediately..
There are probability.
send me details at contact @ easyaccountingaudittax.co.in
send me details at contact @ easyaccountingaudittax.co.in
The late fees have reduced for majority of the months. please contact on raj @ rcdco.in
1. For Nil Return : late fee 500/- Maximum.
2 Registered persons AT 1.5 crores in the preceding FY (Not nil return ) : late fee is 2000/- Maximum.
3. AT more the 1.5 crore but less then 5 crore (Not nil return ) : late fee is Rs. 5000/- Maximum
4. AT more 5 crore : late fee is 10000/- maximum
(Reference Notification 19/21 CT effective June2021 onwards)
2 Registered persons AT 1.5 crores in the preceding FY (Not nil return ) : late fee is 2000/- Maximum.
3. AT more the 1.5 crore but less then 5 crore (Not nil return ) : late fee is Rs. 5000/- Maximum
4. AT more 5 crore : late fee is 10000/- maximum
(Reference Notification 19/21 CT effective June2021 onwards)
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