Manager (Indirect Taxation)
248 Points
Joined June 2017
Late filing of return attracts penalty. The late fee is Rs. 100 per day. (100 under CGST & 100 under SGST) Total will be Rs. 200 day. The maximum is Rs. 5,000. and interest has to be paid at 18% p.a.
ITC-04 is a quarterly return. It must be furnished on or before 25th day of the month succeeding the quarter.
Exp. :, Oct-Dec quarter, the due date is 25th Jan.