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Late fees of gstr 7

Kanchan Chauhan (45 Points)

24 August 2020

what is the late fees from March 20 to June 20 of gstr 7

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RINKU JAIN (CA in Practice (CA CS CMA MBA(F) B.Com)) (46 Points)
Replied 24 August 2020

GSTR 7 Due Date for TDS Deductor

Return Monthly	Due Dates
March-July 2020	31st August 2020

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 24 August 2020

The late filing of GSTR-7 results in a late fee of ₹100 under CGST and ₹100 under SGST. Hence, a total of ₹200 per day is levied if the return is not filed on or before the due date. The maximum penalty is ₹5, 000 under CGST and ₹5, 000 under SGST (₹10, 000). Apart from the late fee, an interest of 18% per annum is also applicable from the next day of the due date of filing return to the day of making the actual payment.

As due date to file GSTR 7 [From March 2020 to June, 2020] all months is extended to 31st August, 2020 you can still file return before this Extended due date without any late fee.

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Bhavika Kothari (CA) (1258 Points)
Replied 30 August 2020

For March 2020 to June 2020 the due dates are extended till 31st August. If you file before 31st August then there is no late fee. Else there will be a late fee of Rs. 200 per day with a maximum limit of Rs 10000