gstr 1 late fee each month or
total 5 months ?
14 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 13 January 2018
Separately for Each months...
DK Bholusaria
(12 Points)
Replied 13 January 2018
No, depending upon gstr1 period. If gstr1 is monthly, surely late fees shall be for each month seperately. If gstr1 is quarterly, then late fees shall be 200 per day for that quarter only.
Hitesh Gupta
(75 Points)
Replied 13 January 2018
so if
for eg
we file gstr1 of July to Nov (monthly return)
on 11 Jan
then penalty is 200*5months -1000?
for eg
we file gstr1 of July to Nov (monthly return)
on 11 Jan
then penalty is 200*5months -1000?
Hitesh Gupta
(75 Points)
Replied 13 January 2018
but is there any official notification regarding this?
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 13 January 2018
Late Fees for GST Return as per GST Act
All returns except Annual Returns:
Rs. 200 per day (Rs. 100 CGST + Rs. 100 SGST) of default up to a maximum of Rs 5,000.
Annual Returns: Rs. 200 per day (Rs. 100 CGST + Rs. 100 SGST) of default up to a maximum of 0.25% of Turnover.
Please refer in GST Law under "Return Chapter"...
All returns except Annual Returns:
Rs. 200 per day (Rs. 100 CGST + Rs. 100 SGST) of default up to a maximum of Rs 5,000.
Annual Returns: Rs. 200 per day (Rs. 100 CGST + Rs. 100 SGST) of default up to a maximum of 0.25% of Turnover.
Please refer in GST Law under "Return Chapter"...
Hitesh Gupta
(75 Points)
Replied 13 January 2018
But mostly they will waive it
or reduce the penalty amount
or reduce the penalty amount
Manohar Battula
(5 Points)
Replied 14 January 2018
what if the issue is raised to help desk and not yet addressed?
Can we file return for subsequent months if there is an issue with past month.
i.e if there is an issue with July ,can we file August ,sept ,oct and Nov .
Narendra Javheri
(2 Points)
Replied 27 July 2018
Hello,
My GSTR1 for june.18 due date was 10/07/18 but i filled GSTR1 and GSTR3B as NIL Return on 27/07/18. and i have applied for cancellation of GST number on 16/07/18.
So how much would be my penalty ? Please advice.
Recent Topics
- Missing invoice in gst
- GST on consultancy
- Linking adhaar to UAN without employer
- WHETHER ITC REVERSAL TH. GSTR 3B OR DRC03
- Advance Tax For Freelancers
- Is fvu 8.8 version available ?
- Interest and penalty on advance tax shortfall
- Joint Account with 3 legal heirs.......
- TCS adjustment
- GST audit and scrutiny
Related Threads
CAclubindia
