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Gst late fees

ganesh ram (student) (55 Points)

12 September 2018

a cycle trader has 30 lacs turn over and have small profit.due to non filing any gst reurn,he is asked to pay late fees rs 35000.the small businessman is unable to pay -what is recourse to him -pl suggest

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10 Replies

Pankaj Rawat (GST Practitioner) (55057 Points)
Replied 12 September 2018

Late Fee is auto calculate by GST Portal so nothing can be done in this regard.

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suraj goundwadkar (95 Points)
Replied 12 September 2018

late fee is similar to small and large business

Rohit Tibrewal (Student & Senior Accountant) (3193 Points)
Replied 12 September 2018

Not to worry, maximum late fee are waived, but other need to be paid and complied with.

RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 12 September 2018

Yes... I agreed to Mr Pankaj Rawat and Mr Suraj.,

Late fee is not considered to taxpayer as Small and Big...

The filing of return is Your duty... Go to file earlier and avoid much more fee for extra days...

*** No more waiver of fee otherwise if Dept give any notification. So, Better to file soon...

Vinod Babu (24196 Points)
Replied 12 September 2018

Yes agree with Pankaj sir, suraj sir as nd Raja sir.
Late fee cannot be avoided.
It is automatically calculated by gst portal.
Better to file at the earliest to avoid accumulating late fees.

Dear ganesh sir,
From which period did late fee calculated Rs35000.

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ganesh ram (student) (55 Points)
Replied 13 September 2018

PAID PENALTY ONLY IN JULY 17.THEREAFTER,WE DID NOT FILE ANY RETURN OR PENALTY.

DUE TO SUCH HARRASING PROVISIONS ,CAN WE GO IN HIGH COURT OR THERE IS ANY E MAIL ID OF NITI AYOG.AS GST PORTAL ENTERTAIN ON FRAMED COMPLAINT,HENCE ITS SUPPORT PAGE IS UNSUPPORTING.WHY SUCH LIKE SMALL AND POOR FELLOW SHOULD BE PUNISHED THAT TOO IN NAME OF LAW.

Vinod Babu (24196 Points)
Replied 13 September 2018

We can't change the rules of gst.
Better to file returns before the due date.

ganesh ram (student) (55 Points)
Replied 02 October 2018

sir , pl guide that now penalty can be waived or not thanks hindu business lineNew Delhi, September 10

The Finance Ministry on Monday announced a one-time special scheme to file GST Return Form 1. Filing of this return is mandatory under GST law and violation invites late fine.

The new scheme prescribes waiving off the late fee payable for delayed furnishing of FORM GSTR-1 for the period from July 2017 to September 2018, till October 31. The scheme has come at a time when there is huge difference between the number of people who have filed GSTR 3B and GSTR 1. Approximately 8.5 crore GSTR 3B have been filed since July 2017 while the number of GSTR 1 has been about 4.7 crore. GSTR 1 and GSTR 3B are different kinds of return forms to be filed by tax assessees.

Terming the new scheme as a welcome step, Anita Rastogi, Indirect Tax Partner at PwC, said, “There are several instances where returns could not be filed in time. Needless to say, it is an expectation that in year one of GST implementation, the government should be liberal”

The new scheme will be applicable for all registered persons having aggregate turnover above ₹1.5 crore, including registered persons in Kerala, or whose principal place of business is in Kodagu (Karnataka) and Mahe (Puducherry). For taxpayers having aggregate turnover up to ₹1.5 crore, the due date for furnishing FORM GSTR-1 for the quarters from July 2017 to September, 2018 has been extended till October 31.

For those having aggregate turnover up to ₹1.5 crore in Kerala, or whose principal place of business is in Kodagu (Karnataka) and Mahe (Puducherry), the due date for furnishing FORM GSTR-1for the quarter July, 2018 to September, 2018 would continue to be November 15. For those who will now migrate to GST, the last date for furnishing the details of outward supplies of goods or services or both in GSTR-1 and for filing the return in GSTR-3B for the months of July, 2017 to November, 2018 has been extended till December 31, 2018.

Published on September 10, 2018