GSTR-1

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Accountant
50 Points Joined November 2017
What happens if GSTR-1
is not filed
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On 18 July 2018 at 22:43 Report
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Practice
4510 Points Joined July 2017
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.

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On 18 July 2018 at 22:45
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24196 Points Joined May 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.
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On 19 July 2018 at 00:00


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