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Penalty

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ACCOUNTANT
156 Points Posted on 22 May 2018

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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On 22 May 2018 at 00:06 Report
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24196 Points Posted on 22 May 2018
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)
161 Reply
On 22 May 2018 at 00:36
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31 Points Posted on 22 May 2018
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
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On 22 May 2018 at 06:44
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"Do the Right Thing...!!!"
128147 Points Posted on 22 May 2018
Yes... I agreed to Mr Vinay Reddy...
463 Reply
On 22 May 2018 at 08:00
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24196 Points Posted on 22 May 2018
Thanks vinay reddy sir for the correction.
161 Reply
On 22 May 2018 at 08:38
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Chartered Accountant
2195 Points Posted on 22 May 2018
Agreed with vinay reddy
8 Reply
On 22 May 2018 at 11:55


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