sir
we filed the return of gstr3 b for the month of march. i have itc on this month, thats why we have not any payable. ut i not filed gstr1 yet .. the due date of Gstr1 is 10 may. Does we have to pay any penalty in this return
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Penalty
Replies (5)
As per Section 47 of CGST Act 2017, any registered person who fails to furnish GSTR-1(Detail of Outward Supply) by the due date is liable for late fee of Rs. 200/- per day (100/-Cgst+100/-Sgst) maximum up to Rs. 10,000/- (5000/-Cgst +5000Sgst)
Yes, you should pay but late fee is not 200 per day as mentioned by Mr.Vinod babu.
Late fee is for Normal Return ₹50 per day (CGST +SGST) and
For Nil return it is ₹20 pare day (CGST +SGST)
Note that the maximum late fees that can be charged cannot exceed Rs 5,000.
And it's not a PENALTY it is a LATE FEE
Late fee is for Normal Return ₹50 per day (CGST +SGST) and
For Nil return it is ₹20 pare day (CGST +SGST)
Note that the maximum late fees that can be charged cannot exceed Rs 5,000.
And it's not a PENALTY it is a LATE FEE
Yes... I agreed to Mr Vinay Reddy...
Thanks vinay reddy sir for the correction.
Agreed with vinay reddy
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