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Gst return not file

rahul (.) (25 Points)

13 December 2018

I have run a bike sub dealership business my accountant collected all vouchers from me but not file gst return from oct 2017 till now what will the consequences and penalties in this case is there any relief from late filling penalties?

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Sarath Rajendran (Nil) (2791 Points)
Replied 13 December 2018

A penalty of Rs.100 per day is applicable for late filing of GST return. The penalty would be payable for the period in which the taxpayer failed to furnish the return up to a maximum penalty of Rs.5000.

Up to 31/10/2018 one settlement facility is provided for GSTR 1 now its over

ANIMESH CHOWDHARY (Practicing CA) (305 Points)
Replied 13 December 2018

The late fees for GSTR-3B is Rs.50 per Day(25 for CGST & 25 for SGST) subject to maximum of Rs.5,000.(For nil return, its Rs.20 per day)

For GSTR_!, Government has waived late fees from Sep 2017 to 31st Oct 2018. From Nov Onwards, the late fees is Rs.200 per day subject to maximum of Rs.5,000.(for nil return,its Rs.100 per day).

Also you have to pay interest @ 18% on the GST Liability from Last due date till the payment of GST.

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