I have voluntarily registered under GST from 13th June. Opted for quarterly GSTR1, but being unaware of due date, I missed the GSTR 1 (Quarterly due date) 31st July, 2019.
Will I be liable for late fees? if yes, how much?
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Registered from 13th June 2019, opted for quarterly GSTR1 what about late filing fees
Replies (8)
There is applicability of late fees for GSTR-1 but at this time portal is not giving any liability to pay late fees. so hurry up and file your return.
Akshay, I didn't get you.. is it some technical glitch or something?
yes sir it can be because as per law there is applicability of late fees
Technical glitch as in, late fees are automatically calculated by portal? or do we need to pay the late fees manually?
No, It's automatically calculation by portal but only in GSTR-3B not 8n GSTR-1
okay.. I've filed the Return.. and as you rightly said there was no liability showing up on GSTR 3B.. I wish the late fees are waived in disguise... I hope there won't be any demand raised lateron..:)
I hope they can raise the demand when they will correct there technical issues because there is late fees as per law and government will take any revenue loss.
It's advisable when you file the annual return you must deposit such late fee.
As you are filing qtly return so might be your turnover would not be more than 2Crore hence you are not require to file 9C , else the auditor should ask you to deposit late fee for the same
As you are filing qtly return so might be your turnover would not be more than 2Crore hence you are not require to file 9C , else the auditor should ask you to deposit late fee for the same
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