Late Fees Quarterly GSTR-1
Suman Roy (104 Points)
12 January 2021
Pls let us know the late fees of quarterly GSTR-1 after 13th January 2021.
1 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 12 January 2021
As per the GST law, a late fee for not filing GSTR-1 is Rs. 200 per day of delay (Rs. 100 as per the CGST Act and Rs. 100 as per SGST Act). The late fee will be charged from the date after the due date.
However, as per the latest notifications, the late fees have been reduced to Rs. 50 per day and Rs 20 per day (for nil return).
However, as per the latest notifications, the late fees have been reduced to Rs. 50 per day and Rs 20 per day (for nil return).
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