Festive Savings Are Here. Get 10% OFF on All CCI Pro Plans. Subscribe Now!

GST CMP-08 & GSTR-4

287 views

Save Share

Join Us Follow Us Add as Source

AJAY BABAN NAVALE

Student

46 Points Posted on 30 January 2022

Please let me know the Late Fees for Composition Tax Payer (In Case of Trader i.e. Wholesaler & Retailer)

for CMP-08 Minimum and Maximum Late fees

for GSTR4 Minimum and Maximum Late fees

and Rate of Interest for delayed in filing of return from April 2019 and Onwards.

Replies (2)

Quick Summary

This discussion clarifies the late fees and interest applicable to composition taxpayers filing CMP-08 and GSTR-4. It details the daily charges for both nil and taxable returns, specifying separate rates for CGST and SGST. The information covers filings from April 2019 onwards, noting that maximum late fees are capped at the tax amount due.

Eswar Reddy S

CFO- at NHTF

15022 Points Posted on 31 January 2022

Maximum late fees will be restricted to the amount of tax under GST.

Meet the GST officer once

CA Rakesh

211 Points Posted on 03 February 2022

If taxpayers have failed to file their return before the given due date, the late fees are available INR 50/day, including INR 25/day CGST and INR 25/day SGST in case of any tax liability. Moreover, if the Nil liability, the late fees have been charged the INR 20/day, i.e., INR 10/day CGST and INR 10/day SGST in GSTT-4 and 200 per day including INR 100/day CGST and INR 100/day SGST in GST CMP-08.