vikram kerekar (1241 Points)
15 September 2017
CA Amit Kumar
(Chartered Accountant)
(341 Points)
Replied 15 September 2017
A penalty of Rs.100 per day is applicable for late filing of GST return. The penalty would be payable for the period in which the taxpayer failed to furnish the return up to a maximum penalty of Rs.5000.
RAJA P M
("Do the Right Thing...!!!")
(128068 Points)
Replied 15 September 2017
Calculation is 100/day. If one Rs 100 + 2nd day 100 + 3rd 100 + .......... 10th day 100 + ........ 50th day 100....
If we file after 10 days later ll be pay penalty Rs. 1000.
If we file after 25 days later ll be pay penalty Rs. 2500.... No more immediate multiple 100 (1,2,4,8,16)....
Master GSTR-9 and 9C with India's First Unique Live Course with Live practical training
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(without recording)
CAclubindia
