Composition late fees and interest

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accountant
953 Points Posted on 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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On 30 July 2020 at 02:54 Report
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If you haven't filed your GST CMP 08 return for the Jan-Mar 2020 quarter, you'll face late fees. These are typically £200 per day (£100 CGST and £100 SGST), capped at a maximum of £5,000. The interest on any outstanding tax will also apply from the due date until you file the return.

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1102 Points Posted on 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.
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On 30 July 2020 at 06:59
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accountant
953 Points Posted on 30 July 2020
And interest on tax?
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On 30 July 2020 at 10:21

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