Go AD-Free with CAclubindia Pro and Daily Mobile Updates. Subscribe Now!

Gst penalty

251 views 6 replies

pavel

student

473 Points Joined July 2009

Hiee..(on urgent )

One of my friend hav not filled GST Return from Jan 2018 Till June 2018. (NIL Return). Shld he is required to pay penalty .if yes how much shld be penalised .

also can any one suggest me how he can reduce his penalty for as he had no transcation at all.

can any one file gst return till august month ..please state the fees in my mail id pavel1356 @ gmail.com

Replies (6)

Jatin

Accountant

3479 Points Joined August 2014

You need to file all pending return with late fees of Rs. 20 per day per return.

Maximum Late fee Rs. 10000 per return (5000 under CGST & 5000 under SGST Act)

VENU R Prabhu

311 Points Joined September 2017

yes what answered above is true and well said

Jatin

Accountant

3479 Points Joined August 2014

What is right answer Mr. Venue R Prabhu ?

Shivam RC

Student

23683 Points Joined November 2017

Agree with Mr. Jatin Sir...

Filling Return under GST Regime is mandatory even if there is no business transaction in a particular month.

You need to file all your pending Returns with late fees @ Rs. 20 per day [ CGST-10 + SGST-10 ] and there is no way to reduce this penalty amount.

However, Maximum Late fee is ₹ 10,000 per return.