Does penalty under sec 125 attracts for not filling of returns within due date??
Replies (19)
Quick Summary
This discussion clarifies that Section 125 of the GST Act does not apply to penalties for not filing returns by the due date. Instead, a separate penalty specifically for late filing is applicable. The conversation highlights the distinction between late fees and penalties, advising users to understand these differences to avoid confusion.
No as late fee is leviable for non filing already, this section is for contravention of that provision for which no penalty was mentioned anywhere in Act