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Composition late fees and interest

rocky (accountant) (948 Points)

30 July 2020

i have not paid gst of jan. - march 2020 quarter and did not file CMP 08 return. what will be the late fees and interest on GST , if i pay now

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annu Goyal (1102 Points)
Replied 30 July 2020

A taxpayer shall be liable to pay a late fee of Rs 200/day (Rs. 100/day CGST and Rs. 100/day SGST) as a consequence to failing/ being unable to file form CMP 08 in the prescribed time. However, the late fee charges will be subject to a maximum of Rs 5,000 from the start of the due date to the actual return filing date of the taxpayer.