What happens if GSTR-1
is not filed
| Originally posted by : Venu Kappala | ||
 |
What happens if GSTR-1 is not filed |  |
Late Fees Will be Levied
And Purchaser can't take ITC benefit.
2 Replies
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 18 July 2018
Vinod Babu
(24191 Points)
Replied 19 July 2018
Agreed with Mr Ravi sir.....
Yes. Late fee is liable to pay for not filing GSTR1 returns before due date.
Also buyers cannot take ITC benefit, then they should reverse the ITC claimed in their returns.
Yes. Late fee is liable to pay for not filing GSTR1 returns before due date.
Also buyers cannot take ITC benefit, then they should reverse the ITC claimed in their returns.
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