If supplier does not file GSR-1 by 10th of next month and if he files after due date (10th of next Month) then how it be treated like interest applicable or it will be counted as belated return/.
07 May 2017
The word belated ia not mentioned in CGST Act.Anyway if there is a delay then you have to pay late fee under section 47 @ 100 rs per day during which failure continue but maximum upto 5000.
There is no interest in late filing of Return only late fees is there.
If u want to know more about return under GST then check out my video on Youtube.. Link ia here
https://youtu.be/Cj-CjHKuRP0
CAclubindia
