Menu
Penalty under GST
If taxpayer collected GST but not deposited from November, 2017 to till date. Is interest & penalty applicable
Replies (7)
Penalty of Rs. 50 per day & interest @ 18% applicable..
If nil tax return then penalty of Rs. 20 per day charged.....
If nil tax return then penalty of Rs. 20 per day charged.....
Agreed with CA Rashmi
plz Note , the penalty is to be deposit under head FEE.
plz Note , the penalty is to be deposit under head FEE.
Penalty is auto calculated but interest are not so It’s calculated by own
Thanks for your replies, my question is not related to late fee (Penalty) for not filed GST return. my question is when penalty applicable 10000 minimum or 10% of tax whichever is higher (if taxpayer continue not paying GST)
min penalty is Rs. 10000 & maximum is 10% of tax....
Thanks Rashmi Ji, is it mandatory to pay penalty while filing GST return or wait for SCN
You have to pay otherwise penalty will increase day by day
Recent Threads
- Property purchase value acquired before 2001
- Error in ITR3 - OS sheet.
- 57th GST Council Meeting: Rate Rationalization on
- Can I amend Bills of Gstr1 after filing for itc re
- REITS and which itr ?
- LONG TERM CAPITAL GAIN ON SALE OF listed SHARES
- AI Tools for Accounting
- Commission are brokerage
- Understanding 80G5 Registration: A Complete Guide
- Discuss and Download CA Inter Question Paper Septe
Related Threads
CAclubindia
