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penalty for non filing of gst return

Gauthami (Student CA Final ) (431 Points)

20 July 2018

it is given that 50/20 per day for failure of filing subject to maximum of 5000/- this amount 5000/- to be considered individually for cgst and sgst or for together 5000/-

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2 Replies

CA Anita Bhadra (DGM FINANCE BHARAT ELECTRONICS LIMITE) (6005 Points)
Replied 20 July 2018

To be considered individually . Total Maximum limit (5000+5000) = Rs 10000/-

2 Like

Vinod Babu (24196 Points)
Replied 20 July 2018

If taxpayers do not file their returns within a specified due dates mentioned, he is obliged to pay a late fee of Rs. 50/day i.e. Rs. 25 per day in each case of CGST and SGST (in case of any tax liability) and Rs. 20/day i.e. Rs. 10/- day in each CGST and SGST (in case of Nil tax liability) subject to a maximum of Rs. 10,000/-(both acts) , from the given due date to the actual date when the returns are finally filed.

3 Like