late filing of gstr 1 of july
Tarun (Trainee Accountant) (40 Points)
23 October 2017
what I do if I am not file my gstr 1 of July month and what would the penalty levy now..
2 Replies
Ritish Kumar
(4 Points)
Replied 23 October 2017
A penalty of Rs.100 per day is applicable for late filing of GST return. The penalty would be payable for the period in which the taxpayer failed to furnish the return up to a maximum penalty of Rs.5000.
If GST return for a month is not filed, then the GST return for the next month cannot be filed by the taxpayer. Further, if a taxpayer fails to file GSTR-1 return on the 10th, then the taxpayer would not be able to file GSTR-2 return on the 15th. Hence, late filing of GST return will have a cascading effect leading to heavy fines and penalty.
If GST return for a month is not filed, then the GST return for the next month cannot be filed by the taxpayer. Further, if a taxpayer fails to file GSTR-1 return on the 10th, then the taxpayer would not be able to file GSTR-2 return on the 15th. Hence, late filing of GST return will have a cascading effect leading to heavy fines and penalty.
Rahul Singh
(7 Points)
Replied 23 October 2017
hello sir meri phele koi gf thi per ab mujhe pareshna kr rhi h bhot mujhe Kiya krna chahiye plz se or vese bi policy wale Jada ladkiyo ki sunte h to Kiya krna chahiye mujhe ap Bata do sir
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