GST Return Due dates are the dates when a particular return needs to be filed. In GST, there are several returns with monthly frequency like GSTR 1 and GSTR 3B. Some other GST returns are quarterly returns like those being by Composite Taxpayers and then there are annual GST Return like ...
Interest on Late GST Payment and Penalty on Missing GST Return Due Dates The GST Council has decided to levy an interest of 18 per cent on the late payment of taxes under the GST regime. The interest would be levied for the days for which tax was not paid after the due date. You can...
Penalty Norms When You Miss the Due Date of GSTR-9 Filing As per the penalty provisions for the GSTR-9 annual return form, the taxpayer is required to pay a penalty of Rs. 200 per day, with Rs. 100 being for SGST and Rs. 100 for CGST. For turnover exceeding Rs. 20 crore, the...
Krishna (Fictional Character):Arjuna, it is very well said that- "a stitch in time saves nine". The same goes with the furnishing of GSTR-1. Furnishing of GSTR-1 within the specified due date can save the taxpayer from many further consequences. The GST department has introduced a QRMP...
GSTR-3B is a self-declaration GST return form that a taxpayer is required to file on a monthly basis. It has a summarized details of supplies made during the month. Read on to know more… GSTR-3B Introduction GSTR-3B Due Date
If any businesses fail to file the return, they will be entitled to pay the interest and the penalty. The process to file the GSTR-3B has been simplified by the Government of India and made user-friendly. The due date of GSTR-3B filing falls on every 20th of the subsequent month ...
Enter the tax payable for “integrated tax, central tax, state/UT tax, cess, interest, late fees, penalty and others. Details of tax paid as declared in returns filed during the financial year in Form GSTR-9 Click the “save” button. A confirmation message would be displayed saying, “...
Refund claimed from Electronic cash ledger:Any refund of excess taxes paid can be claimed here. The refund has to be further segregated into tax, interest, penalty, fees, and others. If in case the tax liability of the composition dealer is below than the TDS deducted, one can get a refu...
GSTR 9C Audit Form Penalty Norms If Miss the Last Date As per the penalty provisions of the GSTR 9C audit return form, the registered taxpayer has to pay Rs. 200 per day as a penalty of which Rs. 100 consists of SGST and Rs. 100 for CGST. Also, it is to be noted that the to...
What Is the Penalty for Not Filing GSTR 10 On Time? For a tax-paying citizen that hasn't submitted theirGSTR-10by the due date, a notification is sent to them. The individual is then afforded an additional 15 days to file the return with all the necessary documentation. If the individ...