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Penalty

219 views 5 replies

DANISH

ACCOUNTANT

156 Points Joined February 2017

sir

we filed the return of gstr3 b for the month of march. i have itc on this month, thats why we have not any payable. ut i not filed gstr1 yet .. the due date of Gstr1 is 10 may. Does we have to pay any penalty in this return

Replies (5)

Vinod Babu

24196 Points Joined May 2018

As per Section 47 of CGST Act 2017, any registered person who fails to furnish GSTR-1(Detail of Outward Supply) by the due date is liable for late fee of Rs. 200/- per day (100/-Cgst+100/-Sgst) maximum up to Rs. 10,000/- (5000/-Cgst +5000Sgst)

Vinay Reddy

31 Points Joined January 2018

Yes, you should pay but late fee is not 200 per day as mentioned by Mr.Vinod babu.

Late fee is for Normal Return ₹50 per day (CGST +SGST) and
For Nil return it is ₹20 pare day (CGST +SGST)

Note that the maximum late fees that can be charged cannot exceed Rs 5,000.

And it's not a PENALTY it is a LATE FEE