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GST RETURN Late fees

Mahesh (CA Student) (338 Points)

05 July 2018

One assessee did not file any gst return from beginning. He has done migration to gst in nov 17 but did not file any return. turnover is less than 1.5 crore. good thing is he has tax credit in every month. what will be the penalty or late fees if he file all return in this july 18. Is there any risk of any notice for filing return so late.

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Vinod Babu (24191 Points)
Replied 05 July 2018

If taxpayers do not file their returns within a specified due dates mentioned,they are 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.
Anyway you can file returns till sep 17 as the late fee is waived off from July 17 to sep 17.

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