Nil Return Late Fee

Page no : 4

Mohammed Goryawala (727 Points)
Replied 16 October 2017

@ ShamsheerKhan Can you please share the notification.

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NIKHIL (CA) (20 Points)
Replied 16 October 2017

Ha ye government sabka diwala nikal rahi hai gujrat election ke liye paise jama kar rahi hai

Mohammed Goryawala (727 Points)
Replied 16 October 2017

Is there any maximum limit on late fees?

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 16 October 2017

Originally posted by : Mohammed Goryawala
	Is there any maximum limit on late fees?

Rs.5000 x 2

Mohammed Goryawala (727 Points)
Replied 16 October 2017

₹10000 for both CGST AND SGST, right?

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anshul aggarwal (Consultant) (1074 Points)
Replied 16 October 2017

Shamsheer,

These are all interpretation nothing is written that 1st July is the date. not even a single clarification on this ground from govt.

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 16 October 2017

Rs. 5000 for CGST & Rs. 5000 SGST....

CA CHETAN GUPTA (CA) (588 Points)
Replied 17 October 2017

As Per Hasmukh Adhia Sir, It will take 6-9 Months for System to be Smooth in GST.

Then Govt. should also Give Businessmen, Tax Practitioners, CAs and the Country at large 6-9 Months to Understand all the Compliances and then Comply with the Provisions on Time and till Then NO LATE FEES Should be charged.

People are not Ready to Pay AUGUST 3B Late Fees and SEP 3B's Last Date is Near and Diwali too. Such a Messy Situation.

Mohammed Goryawala (727 Points)
Replied 17 October 2017

Not sure what the govt is upto!
It's basically systematic looting ppl of their hard earned money

Mohammed Goryawala (727 Points)
Replied 17 October 2017

Is penalty levied for non FILING OF NIL GSTR1? If yes how much?

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Deepen Thakkar (10 Points)
Replied 17 October 2017

Due to such high handed measures the compliance will get effected which will lead to terrible loss of revenues and the vicious cycle . I think it's high time someone should drag govt to courts as this is clear cut loot by govt without having any redressal to grievances and issues faced by general public. Thee way they are handling matters I think 70% firms registered under gst will be in this late fee and other mess by the end of the year and there will be so much litigation arising due to this

Deepen Thakkar (10 Points)
Replied 17 October 2017

Yes penalty on gstr1 nil return also I guess

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 17 October 2017

As per what i work i conclude that.....

If no return filed till date then penalty is from 200/- per day from 20 Sept to date of filing.

If you submit & filed on same day any time then no penalty.

If submitted by you & not filed by you then 200/- per day from date of submission to date of filing.