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Gst late fee for the month of july 2020 till date

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Nini Manjrekar

31 Points Posted on 18 November 2020

late fee for the month of july 2020 till date gst

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Quick Summary

This discussion clarifies the Goods and Services Tax (GST) late fee structure applicable from July 2020. Late fees are Rs. 50 per day (Rs. 25 CGST + Rs. 25 SGST) if there's a tax liability, and Rs. 20 per day for nil returns. The fees are levied from the original due date until the return is filed. Additionally, it explains how to provide GSTR1 filing details to purchasers.

Shivam RC

Student

23693 Points Posted on 18 November 2020

Late Fees of Rs. 50 per day [ Rs. 25 under CGST + Rs. 25 under SGST ] will be levied from the Original Due Date of filing July month's Return till the date of filing the Return, incase there is any Tax liability.

But if there is no tax liability ( i.e. NIL RETURN ), then Late Fees @ Rs. 20 per day shall be levied...