If not what is last date of filing Reply SAG Infotech November 5, 2020 at 7:01 pm It is optional to file GSTR 9 for taxpayers having Aggregate Turnover less than Rs. 2crore Reply aditi October 22, 2020 at 6:43 pm Please tell me the penalty for the late filling of annual ...
As per the GST law, the late fee for notfiling the GSTR-1is Rs 200 per day for late filing (Rs 100 according to the CGST Act and Rs. 100 under the SGST Act). The late fee levied will be from the published date to the last date. After the furnished notification dated February 20...
Arjun (Fictional Character):Krishna, many GST taxpayers are getting notices for liability of late fees for delay in filing of GSTR-1. Why are such notices being issued by the GST department? Krishna (Fictional Character):Arjuna, the GST department has now started levying late fees for delay ...
Return type Maximum late fees cap per return Criteria GSTR 3B & 1 Rs. 500 (Rs. 250 each for CGST and SGST) In case of Nil return Rs. 2000 (Rs. 1000 each for CGST and SGST) Taxpayers having Annual Aggregate Turnover (AATO) in preceding year uptoRs 1.5 crore (Not filing NIL retur...
The process of filing the GSTR-3B can be done online. 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. ...
“This is only for bigger companies. Majority of companies will have no interest, late fee or penalty,” DIVYESH JAIN (Querist) Follow 15 June 2020 Sir,Does that mean even if I file GSTR-3B and GSTR-1(quarterly) returns after 30th June, 2020 for businesses having turnover of less ...
Note:As of September 21, 2020, citizens who have not submitted GSTR-10, i.e., the final return, are now permitted to do so with a diminished late penalty of Rs. 500. The awaiting GSTR-10, on the other hand, must be submitted on or before December 31, 2020. ...
A penalty of INR 200 per day is levied, up to a maximum penalty of INR 5,000 if GSTR-4 is not filed. How to revise GSTR - 4? GSTR-4 cannot be revised after filing on the GSTN Portal. GSTR - 4 Format In the GSTR-4 form, the taxpayer will be required to show the total...
The GST penalty for late filing is subject to a maximum of INR 5,000 Update as on 22nd December 2020:CGST Rules, 2017 duly amended to insert Rule 59(6) – A registered person (a) shall not be allowed to file GSTR-1, if he has failed to file GSTR-3B for the preceding two month...
Now i have received notice to pay penalty as the rate of 200 Per day for the period. My actual tournover is 35 Lakhs only. So as per norms how much penalty can be maximum imposed on late filing, as i came to know that its maximum of 0.25% of total tournover. Thanking You Ranjit...