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GSTR 1 LATE FEE 200 PER MONTH ?

Geetha Lukesh (74 Points)

13 January 2018

gstr 1 late fee each month or
total 5 months ?

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14 Replies

DK Bholusaria (12 Points)
Replied 13 January 2018

Its 200 per day, seperately for each return.

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RAJA P M ("Do the Right Thing...!!!") (127921 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?

DK Bholusaria (12 Points)
Replied 13 January 2018

Exactly

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Hitesh Gupta (75 Points)
Replied 13 January 2018

but is there any official notification regarding this?

RAJA P M ("Do the Right Thing...!!!") (127921 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"...

Hitesh Gupta (75 Points)
Replied 13 January 2018

But mostly they will waive it
or reduce the penalty amount

RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 13 January 2018

No idea....

Hitesh Gupta (75 Points)
Replied 14 January 2018

n it's 5000 rs pm maximum or overall

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DK Bholusaria (12 Points)
Replied 14 January 2018

Upper limit is 5000+5000=10000 per return

DK Bholusaria (12 Points)
Replied 14 January 2018

Per return, I meant per return per tax period.

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.