Menu
Annual return not file
if a dealer whose turnover is more than 5 cr. not file any annual returns (9/9c) what would be implications? and max penalty?
Replies (4)
1. Late fees under sec 47(2) of Rs. 200 per day but maximum 0.25% of Turnover.
2. General panalty under sec 125 maximum upto 50000.
2. General panalty under sec 125 maximum upto 50000.
Pls furnish details
There are penalties under Income Tax act and gst act.
There are penalties under Income Tax act and gst act.
As per the penalty provisions of GSTR-9 and GSTR-9C, the taxpayers are liable to pay INR 200 per day which includes INR 100 for SGST and INR 100 for CGST.
Ur client can avail ITC by filing gstr 01 and 3 b ,so no any negligence made from ur part. Hence maximum penalty not exceed 25000/- as specified u/s 125 of CGST act.
Recent Threads
- Whether GST applicable on Hardship Compensation pa
- ITC cannot be denied to Bona Fide Buyers for Suppl
- Unused ITC for Hotel after GST Change
- CA FINAL SPOM
- 44ad presumption of tax
- Friendly loan to blood relative?
- Tds penalty for in operative pans
- TDS on Property- 26QB filing Doubt
- HSN code for Exempted supplies
- HSN Summary of Outward Supplies (Sales and Advance
Related Threads
CAclubindia
