what late fee applicable if only exempt supply is made?
is it 25 per day or 10?
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Exempt sale 3B late fee
Replies (12)
if no liability to pay taxes is there, it will rs.10 per day per act.
It's 25/- Per day , Per Act
how much exactly? i m confused
my opinion Rs. 25 per day ..
But if the tax liability is nil, then the late fees should be Rs.10 and not Rs.25!
ok the n
if only itc is enters then 10 late fee will be applicable
if only itc is enters then 10 late fee will be applicable
20/- per day for 3B (nil return)
50/- per day for 3B and GSTR1
Late Fee is applicable for GSTR 3B and GSTR 1* returns of we filed after due date...
For both (GSTR 3B and GSTR 1) returns late fee as following...
If Nil Return - Rs 20 (CGST Rs 10 and SGST Rs 10)
Other than Nil return Rs 50 (CGST Rs 25 and SGST Rs 25)
Note:
In current situation GSTR 1 return's late fee not imposed...
50/- per day for 3B and GSTR1
Late Fee is applicable for GSTR 3B and GSTR 1* returns of we filed after due date...
For both (GSTR 3B and GSTR 1) returns late fee as following...
If Nil Return - Rs 20 (CGST Rs 10 and SGST Rs 10)
Other than Nil return Rs 50 (CGST Rs 25 and SGST Rs 25)
Note:
In current situation GSTR 1 return's late fee not imposed...
but act have said 20 per day late fee if nil liability
so following cases came under same i .e
only exempt supply
only itc claim
tax liability after itc is nil
so whether all above cases fall under same and chargeable for 20 per day late fee as in all above cases gst liab is Nil
so following cases came under same i .e
only exempt supply
only itc claim
tax liability after itc is nil
so whether all above cases fall under same and chargeable for 20 per day late fee as in all above cases gst liab is Nil
It's 25/- CGST + 25/- SGST ,. Total 50/-
only itc is claimed in a month no outward supply then late fees ? in portal the late fees computing 50 ...
only itc is claimed in a month no outward supply then late fees ? in portal the late fees computing 50 ...
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