Dear All,
My client got registered in GST in Apr-23. He sold some goods on Amazon/Flipkart but never filed any return till date. My questions are :
1. What will be the penalty for non-filing of GST Returns (1/3B/8).
2. Some months have Sale and purchase both and some months have only purchase. Are months having no Sale (Purchase only) will be liable for 10+10 penalty per day or 25+25 per day?
3. Is there any way to save or reduce the penalty?
Kindly confirm.
Late fees for every delayed day is Rs. 50 ( 25+25 ) , & Rs. 20 ( 10+10 ) in case of nil return. If your turnover is less than 1.5 Crore, the maximum late fees to be 2000/- , more than 1.5 Crore to 5 Crore is Rs. 5000 & More than 5 Crore it will be 10000 to be charged.
This is all for a normal taxpayer, little bit confusion about this rules is applicable for E-commerce operator or not.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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