Kindly confirm anyone..
Initially while filing Gstr-4 , late fees if Rs. 200 per day and Interest @ 18% pa was applicable of return was not filed within due date. This penalty was calculated automatically.
Now, as per New form Cmp-08
interest amount is not shown automatically..
So we need to calculate???
whereas, late fees has been waived off???
Menu
Penalty in case of Composition dealers
Replies (2)
The Portal do not auto calculate the Interest Amount .
Yes the late fee is computed automatically by Portal , but in case of CMP08 it's not computing , so can proceed without deposit of late fee, moreover in my view ,as per Rule 62 of CGST Act CMP08 is statement , not the return form , hence late fee is not applicable.
Yes the late fee is computed automatically by Portal , but in case of CMP08 it's not computing , so can proceed without deposit of late fee, moreover in my view ,as per Rule 62 of CGST Act CMP08 is statement , not the return form , hence late fee is not applicable.
Agree with Pankaj Sir...
If the portal is not auto calculating the Late Fees , then you proceed to file your CMP-08 with your Self-Assessed Tax.
If the portal is not auto calculating the Late Fees , then you proceed to file your CMP-08 with your Self-Assessed Tax.
Recent Topics :
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
- Sell of CAFC books
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
Related Topics :
CAclubindia
