LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

Easy Office

gst penalty or interest

rishika singhania1 (15 Points)

20 October 2018

is there any interest or penalty in GST that is levied from first day of the financial year?

Reply
Follow
Share

2 Replies

Vinod Babu (24191 Points)
Replied 20 October 2018

late fee and interest imposed when not filed on due date.
Late fee for Nil Return - Rs. 20/day (CGST Rs 10 & SGST Rs 10)
Other than Nil return - Rs. 50/day (CGST Rs 25 & SGST Rs 25).
Maximum late fee Rs 10000 /month.

Also pay 18% per Annum interest for late payment for all outstanding payments.

Late fee is auto calculated by gst portal while submitting returns.

1 Like

Pankaj Rawat (GST Practitioner) (55032 Points)
Replied 20 October 2018

Agree with Mr Vinod Ji
Upto September 17 late fee for 3b has been waive of by Notification 28 & 50 of CT . hence till sept 17 no late fee is attract

Join CCI Pro

Recent Topics

More recent discussions | Post

Related Threads

Popular Discussion

Start a New Discussion

Easy Office

Trending Online Classes

Live class on Bonus & Gratuity(with recording)

Mr.Balamurugan Ranganathan

Enroll Now

25 April 2024
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)

CA Arun Chhajer

Enroll Now

21 April 2024
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"

CA Vishal Zawar

Enroll Now

01 May 2024

view all classess

CCI Pro

Subscribe to the latest topics :

Search Forum:

Forum Home

Popular Threads

Recent Posts

Unreplied Threads

Settings