Menu
Late fee for composition
At present, whether the composition tax payers registered under GST have to pay late fine or not, please tell.
Replies (4)
Quick Summary
Yes, you have to late fee
No late fee for composition dealer .
Only filing return GSTR 4 annual return attracts late fee if not furnish by due date in case of composition dealer.
Only filing return GSTR 4 annual return attracts late fee if not furnish by due date in case of composition dealer.
There is a late fee , for composition dealer also , read carefully.
Late fees of Rs 200 per day for GSTR 4
43rd GST meeting , late fees cap decided 500 per return late fees for nil return and 2000 per return for other than nil.
Late fees of Rs 200 per day for GSTR 4
43rd GST meeting , late fees cap decided 500 per return late fees for nil return and 2000 per return for other than nil.
@ AKN Financial
kindly read the reply above , for GSTR 4 late fee is leviable, but for CMP 08 there is no late fee.
CMP 08 is statement-cum-challan to declare the details or summary of his/her self-assessed tax payable for a given quarter. It's not return form, there is no late fee on same
(Reference Rule 67 & Section 47 of CGST Act)
kindly read the reply above , for GSTR 4 late fee is leviable, but for CMP 08 there is no late fee.
CMP 08 is statement-cum-challan to declare the details or summary of his/her self-assessed tax payable for a given quarter. It's not return form, there is no late fee on same
(Reference Rule 67 & Section 47 of CGST Act)
Recent Topics :
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
Related Topics :
CAclubindia
