gstr 1 late fee each month or
total 5 months ?
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GSTR 1 LATE FEE 200 PER MONTH ?
Replies (14)
Its 200 per day, seperately for each return.
Separately for Each months...
No, depending upon gstr1 period. If gstr1 is monthly, surely late fees shall be for each month seperately. If gstr1 is quarterly, then late fees shall be 200 per day for that quarter only.
so if
for eg
we file gstr1 of July to Nov (monthly return)
on 11 Jan
then penalty is 200*5months -1000?
for eg
we file gstr1 of July to Nov (monthly return)
on 11 Jan
then penalty is 200*5months -1000?
Exactly
but is there any official notification regarding this?
Late Fees for GST Return as per GST Act
All returns except Annual Returns:
Rs. 200 per day (Rs. 100 CGST + Rs. 100 SGST) of default up to a maximum of Rs 5,000.
Annual Returns: Rs. 200 per day (Rs. 100 CGST + Rs. 100 SGST) of default up to a maximum of 0.25% of Turnover.
Please refer in GST Law under "Return Chapter"...
All returns except Annual Returns:
Rs. 200 per day (Rs. 100 CGST + Rs. 100 SGST) of default up to a maximum of Rs 5,000.
Annual Returns: Rs. 200 per day (Rs. 100 CGST + Rs. 100 SGST) of default up to a maximum of 0.25% of Turnover.
Please refer in GST Law under "Return Chapter"...
But mostly they will waive it
or reduce the penalty amount
or reduce the penalty amount
No idea....
n it's 5000 rs pm maximum or overall
Upper limit is 5000+5000=10000 per return
Per return, I meant per return per tax period.
what if the issue is raised to help desk and not yet addressed?
Can we file return for subsequent months if there is an issue with past month.
i.e if there is an issue with July ,can we file August ,sept ,oct and Nov .
Hello,
My GSTR1 for june.18 due date was 10/07/18 but i filled GSTR1 and GSTR3B as NIL Return on 27/07/18. and i have applied for cancellation of GST number on 16/07/18.
So how much would be my penalty ? Please advice.
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