Dear friends
One of my friend is doing medical business as proprietaryship,was registered under GST on 19/01/2018.
But he was not filed even single return whether GSTR-1 or GSTR-3B from date of registration.
Now he is willing to file returns from JAN 2018. How much amount of late fee liability he required to be pay approximately.
Is there any provision to avoid late fee liability in part or full?
You need to file all pending returns with late fees
If nil tax liability, you will pay Rs. 20 per day per return otherwise Rs. 50 per day per return if tax liability along with interest @ 18% per annum
CAclubindia
