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Gst late fees

23 December 2020

I have not filed my gst return from February, 2020 till date . Am I lable for late fees and I wanted to cancely registration so can I cancel without paying any late fees?

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3 Replies

Sateesh Kumar (199 Points)
Replied 23 December 2020

Late fee amount paid after gst cancellation

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Shivam RC (Student) (23683 Points)
Replied 23 December 2020

You are liable to pay Late Fees U/s 47 of the CGST Act 2017 @ Rs. 20 per day ( Rs. 10 under CGST + Rs. 10 under SGST ) incase of NIL Return or Rs. 50 per day ( Rs. 25 under CGST + Rs. 25 under SGST ) in case of Return with tax liability. Few days back a GST Amnesty Scheme was provided by the Government of India where conditional Late Fees and Interest was waived if the return is filed within the specified date. Unfortunately, the due date was 30th September 2020, which is gone now. So you cannot claim the benefit of GST Amnesty Scheme. Hence you are required to pay applicable Late Fees U/s 47 & Interest U/s 50 of the CGST Act 2017 if you file your GST Returns now.

Moreover kindly note that you cannot proceed / apply to cancel your GST Registration ( FORM GST REG-16 ) unless and until all GST Returns are filed till date and all liabilities should be cleared with the Department.