is there any maximum amount (late fee ) fixed by gst for late filing of gst monthly returns. because we have not filled return from the beginning from July 2017 , due to no business. we have to file Nil returns from July 2017 to till date
Either you can drop a latter to Department if you want to surrender the registration without paying any late fee panalty. or you can show the business opening date as business closing date then it won't call you for paying late fee panalty.
Maximum Late Fees that can be levied u/s 47 of the CGST Act 2017 is Rs. 5000 per Act [ Total Rs. 10,000 ( under CGST Rs. 5000 + under SGST Rs. 5000 ) ].
CAclubindia
