Regarding composition scheme supplier
This query is : Resolved
pradeep singh rawat
(Querist)
03 July 2020
Sir,
I have registered under composition scheme from July 2017. But filled returns till March 2018. I have not filled any gst return from April 2018 to till now. Now I want to file all returns under composition scheme.
Please suggest me regarding total late fees and penalties for late filling till now. Is there any notification from government for waived off of late filing fees. Please suggest me in detail with amount of late filling fees.
I have registered under composition scheme from July 2017. But filled returns till March 2018. I have not filled any gst return from April 2018 to till now. Now I want to file all returns under composition scheme.
Please suggest me regarding total late fees and penalties for late filling till now. Is there any notification from government for waived off of late filing fees. Please suggest me in detail with amount of late filling fees.
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CA R SEETHARAMAN
(Expert)
04 July 2020
Taxpayers who do not have any tax liability but were yet to file returns for the period from July 2017 to January 2020 - prior to the Covid period – no late fee will be charged, the notification issued Wednesday said.
For taxpayers having liability but not having filed their returns, they can do so with a late fee of maximum Rs 500, if returns are submitted by July 1, 2020.
For taxpayers having liability but not having filed their returns, they can do so with a late fee of maximum Rs 500, if returns are submitted by July 1, 2020.
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