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Penalty

Mebawansuk Nongkynrih (162 Points)

31 October 2018

how much the amount of penalty for regular taxpayer for non filing of return (nil return) what is the interest?

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5 Replies

Vinod Babu (24191 Points)
Replied 31 October 2018

Late fee for Nil Return - Rs. 20/day (CGST Rs 10 & SGST Rs 10)
Other than Nil return - Rs. 50/day (CGST Rs 25 & SGST Rs 25).
Maximum late fee Rs 10000 /month.

Also pay 18% per Annum interest for late payment for all outstanding payments.

Late fee is auto calculated by gst portal while submitting returns.

Note: interest is not applicable for nil return filing.

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MY Indians Tv (292 Points)
Replied 31 October 2018

50 per day (cgst-25&sgst-25)
max up to 10,000(5,000 each of cgst and sgst)

along with intrest 18% intrest

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RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 31 October 2018

(non filing of return (nil return) what is the interest?)

If nil return then Interest not levied...

Late Fee is applicable only Rs 20 (CGST Rs 10 & SGST Rs 10) for Nil Return...

1 Like