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CMP-08 LATE FEE

Jishad T (GSTP) (289 Points)

25 October 2019

IN CMP-08 THERE IS NO AUTOCALCULATED LATEFEE

THEN HOW TO CALCULATE IT??

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9 Replies

Pankaj Rawat (GST Practitioner) (55030 Points)
Replied 26 October 2019

Then.. I think can file without paying late fee.

1 Like

Dropadi Devi Educational Devel (20 Points)
Replied 26 October 2019

Rs 200/- per day(CGST/SGST/IGST)after due date.
maximum 5000

Surjeet Negi (947 Points)
Replied 26 October 2019

If a particular taxpayer fails to furnish his returns on or before the due dates mentioned above, he/she must pay a late fee of INR 50/day, i.e., INR 25/day CSGT and INR 25/day IGST in case of any tax liability. On the other hand, if there is a NIL tax liability, then the aforementioned late fee gets reduced to INR 20/day, i.e., INR 10/day CSGT and INR 10/day IGST. One must also note that the late fee is also subject to a maximum of INR 5000 starting from the due date to the actual date of return filing by the taxpayer

Pankaj Rawat (GST Practitioner) (55030 Points)
Replied 26 October 2019

What about when GSTR 1 is filed late......it's get file without discharge of Late fee..

Surjeet Negi (947 Points)
Replied 26 October 2019

CMP 08 is statement cum challan for composition scheme taxpayer i.e. payment of self assessed tax liability. Just like GSTR 3B. Here govt. intention to collect late fee for tax amount due not paid within time limits to restrict its loss of revenue.

Further, I understand that late fee is applicable for GSTR 1 also. However, since there is no column in GSTR 1 to disclose the same, the GST portal system allows its filing. Considering it's only statement of reporting outward supplies, govt is not keen in restricting its filing. But as a tax compliant assessee, one can pay the desired late fee while filing GSTR 3B.

1 Like

subhagan sreerangam (7039 Points)
Replied 27 October 2019

In case a taxpi fails to furnish his/her return on or before due date he/she will be liable to pay s late fee ₹50 per day for every day of delay.That is ₹25 per day under CGST and ₹ 25 per day under SGST.Nil return cases ₹10 each in CGST and SGST respectively.IGST Act provide an equal to the late fee from CGST and SGST .

accountant (member) (185 Points)
Replied 28 October 2019

CM08 is not a return, it is a statement, hence, late fine of Rs. 20 or 50 is not livable, only interest @ 18% is

chargeable and thats why the form contains the late interest column only.

Pankaj Rawat (GST Practitioner) (55030 Points)
Replied 28 October 2019

I KNEW THAT LATE FEE IS APPLICABLE FOR GSTR 1, AS PER SECTION 47 , LEVY OF LATE IS APPLICABLE FOR LATE FILING OF DETAILS OF OUTWARD & INWARD SUPPLY AS PER SEC-37,38,39, & 45.

HENCE IT COVERS ALL RETURNS BEING FILED WHETHER ITS CMP-08 OR GSTR 1, THE LATE FEE IS APPLICABLE.