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penalty

Kishan Singh (84 Points)

05 December 2018

what is Gst audit and annual return penalty?

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pritesh (CA Final student) (7101 Points)
Replied 05 December 2018

In case of annual return

A late fee of Rs.100 per day of under CGST & Rs. 100 SGST, total penalty is Rs.200 per day of default. The maximum amount of late fee that can be levied in case of taxpayers who have filed delayed returns is up to .25% of the turnover in the respective state or union territory

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RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 05 December 2018

Are you asking about late filing of GST Annual returns...?
or

Asking about penalty of GST related...?

Kishan Singh (84 Points)
Replied 05 December 2018

sir I ask late filling audit & annual return and also penalty on this??

RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 05 December 2018

"LATE FEE" is levied as per Mr Pritesh view...

PENALTY is not levied for Late filing of returns. So, no need to worry about penalty for late filing...
Penalty based on dept audits as per GST...

** Please be understand the difference between "LATE FEE" & PENALTY...

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