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how much the amount of penalty for regular taxpayer for non filing of return (nil return) what is the interest?
Replies (5)
Late fee for Nil Return - Rs. 20/day (CGST Rs 10 & SGST Rs 10)
Other than Nil return - Rs. 50/day (CGST Rs 25 & SGST Rs 25).
Maximum late fee Rs 10000 /month.
Also pay 18% per Annum interest for late payment for all outstanding payments.
Late fee is auto calculated by gst portal while submitting returns.
Note: interest is not applicable for nil return filing.
Other than Nil return - Rs. 50/day (CGST Rs 25 & SGST Rs 25).
Maximum late fee Rs 10000 /month.
Also pay 18% per Annum interest for late payment for all outstanding payments.
Late fee is auto calculated by gst portal while submitting returns.
Note: interest is not applicable for nil return filing.
50 per day (cgst-25&sgst-25)
max up to 10,000(5,000 each of cgst and sgst)
along with intrest 18% intrest
max up to 10,000(5,000 each of cgst and sgst)
along with intrest 18% intrest
(non filing of return (nil return) what is the interest?)
If nil return then Interest not levied...
Late Fee is applicable only Rs 20 (CGST Rs 10 & SGST Rs 10) for Nil Return...
If nil return then Interest not levied...
Late Fee is applicable only Rs 20 (CGST Rs 10 & SGST Rs 10) for Nil Return...
Yes Agree with Raja ji , interest is not applicable on Late filing of Returns.
How much the amount of penalty for non filing of GSTR 1 ?
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