GST Late fees is to be paid if we file Return Late

It is normally Rs 50 per day (25 Rs CGST and 25 SGST)

 

However, if there is no Output

It is Rs 20 per day (10 Rs CGST and 10 SGST)

 

 

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Question 1

How much late fees in case of Nil Return?

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Question 2

How much late fees in case of GST Payable?

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Question 3

How much late fees in case of GST Credit?

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Question 4

Company made no sales during year in Jan

It only made Purchase of 100000+5000 GST

Return Due date was 24 Feb but Return actually filed on 27 Feb

How much late fees payable?

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Question 5

Company Made Sales during year of 8000+4000 GST in Jan

It made Purchase of 100000+5000 GST

Return Due date was 24 Feb but Return actually filed on 27 Feb

How much late fees payable?

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What is Maximum Late fees Applicable

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  1. Courses
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Transcript

How is Late fees Calculated? Example Return for Jan Due Date 20 Feb Return Filed on 26 Feb Days Late = 6 1 Jan 31 Jan 20 feb 26 feb Late fees Calculated @ 50/ Day if Output Or 20/ Day if No Output Late fees Calculated @ 50/ Day if Output Or 20/ Day if No Output Case 1 Output Case 2 Case 3 Input GST Payable GST Credit 1000 1000 0 600 1100 5000 400 0 0 100 5000 Late fees Late fees Late fees 50/ Day 50/ Day 20/ Day Case 4 0 0 0 0 Late fees 20/ Day

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 10 years. He also provides Accounts Tax GST Training in Delhi and Pune.