If I failed to file my GST returns for the Zero-rated supply (Export) for a year what will be the penalty that can be charged?
What is the penalty for late filing of Zero-rated supply GST
Replies (1)
For late filing of GSTR-1 or GSTR-3B, you will be charged a daily late fee of ₹50 (or ₹20 for Nil returns), subject to the turnover-based maximums listed above. If you have outstanding tax, you will also incur 18% annual interest. These rules apply regardless of whether your supplies are zero-rated
Recent Topics :
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
Related Topics :
CAclubindia
