what happens when GSTR -1 FILED AFTER DUE DATE
IS THERE ANY fines and penalties will be livead or not ?
If lived what are consequences where a tax payer is liable to pay tax to government?
Menu
GRTR - 1 FILED AFTER DUE DATE
Replies (2)
Hi shiva,
If the GSTR 1 is filed after due date there is penalty levied @ 50 for each day after the due date, same is 20 if it is a NIL return.
Further interest @ 18% is also levied for the liability not paid which is done through GSTR 3B
For further assistance kindly reach us out.
HAPPY TO HELP!!
MOHIT JAGNANI
8820448170
If the GSTR 1 is filed after due date there is penalty levied @ 50 for each day after the due date, same is 20 if it is a NIL return.
Further interest @ 18% is also levied for the liability not paid which is done through GSTR 3B
For further assistance kindly reach us out.
HAPPY TO HELP!!
MOHIT JAGNANI
8820448170
thank you and congratulations
Recent Topic
- 194JB INCOME
- Filing ITR3 where income under section 44AD with L
- What is superannuation fund
- GST Refund of input services under Inverted Duty S
- Dividend Reporting
- Real operational bottlenecks after firms use Tally
- Purchase return under gst
- Long Term Capital Loss - cannot be carried forward
- Cross-utilization of ITC between Trading and Resta
- Form 121 eligibility for non deduction of TDS for
Related Topics
CAclubindia
