We filed the ITC 04 pertains to 1st Quarter of 19-20. is there any late fees we need to pay and yes then how much we need to pay.
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Late fees for ITC 04
Replies (3)
No late fees mentioned in the GST law for ITC-04. Although, the ITC-04 is a tool for informing the commissioner of job work transactions, therefore suggest to file at the earliest.
General penalty u/s 125 may be made applicable, although, it could be litigated and waived off for procedural non-compliance.
Yes I agree with CA Akshay.
As of now no late fee, penalty or interest is announced on Form GST ITC 04.
As of now no late fee, penalty or interest is announced on Form GST ITC 04.
Jis party ka itc04 return July 2017 to sept 2020 tak nhi gya hai usper interest abd panalti are kitna lagega
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