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return filing of packers and movers

26 July 2018

what is the procedure of return filing of gst for Packers and movers.if he has panding files for 1 year.what is penatlty charges for this situtn

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CA Sunil Kumar (Chartered Accountant) (4524 Points)
Replied 26 July 2018

Late fee
Rs. 50 per day of delay in normal cases

Rs. 20 per day of delay for taxpayers having nil tax liabilityfor the month

Interest.
Interest on delayed tax payments is charged at 18 percent per annum on the amount of outstanding tax

Penalty
penalty of 10% of the tax amount due subject to a minimum of Rs. 10,000.

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Vinod Babu (24191 Points)
Replied 26 July 2018

If taxpayers do not file their returns within a specified due dates mentioned, he is obliged to pay a late fee of Rs. 50/day i.e. Rs. 25 per day in each case of CGST and SGST (in case of any tax liability) and Rs. 20/day i.e. Rs. 10/- day in each CGST and SGST (in case of Nil tax liability) subject to a maximum of Rs. 10,000/-(both acts) , from the given due date to the actual date when the returns are finally filed.

Interest on Late Payment of GST Tax & Penalty on Missing GST Due Date

According to the GST Penalty regulations, an interest will be charged at the rate of 18 percent per annum from the taxpayers who fail to pay their taxes on time. The interest will be levied for the days after the due date.

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