I have filed GSTR-1 for 3rdquarter of a taxpayer on 16.02.2018 i.e. one day after due date. Is there any late fee for this?
CA Mayur Todmal
(Practicing CA)
(7645 Points)
Replied 16 February 2018
yes late fees is paybel for late filling of gstr 1 similar to gstr 3b
SSG
(1936 Points)
Replied 16 February 2018
In GSTR-1 there is no table for late fee. I have filed 3B for Jan. 2018 today, nothing showing in return filining liablities.
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 16 February 2018
Yes, Rs.50 (25 + 25) per day. However, in case of nil return, late fee shall be Rs.20 (10+10) per day.
SSG
(1936 Points)
Replied 16 February 2018
In GSTR-1 for 3rd quarter there are 60 invoices. Though no tax has been paid in cash since July 2017 as sufficient ITC is available on account of purchase.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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