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)
Question 1
How much late fees in case of Nil Return?
View answer
it is 20 per day (Rs 10 CGST+Rs 10 SGST)
Question 2
How much late fees in case of GST Payable?
View answer
it is 50 per day (Rs 25 CGST+Rs 25 SGST)
Question 3
How much late fees in case of GST Credit?
View answer
it can be
50 per day (If there is Output)
or
20 per day (if there is No Output)
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?
View answer
In this case, there is No Output
So, GST Payable @ 20 per day for 3 days =
=20*3=60 Rs
(Out of this 30 Rs CGST and 30 Rs SGST)
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?
View answer
In this case, there is Output
So, GST Payable @ 50 per day for 3 days =
=50*3=150 Rs
(Out of this 75 Rs CGST and 75 Rs SGST)
What is Maximum Late fees Applicable
View answer
Maximum Late fees is Rs 10000 (5000 CGST+5000 SGST)
Example
Suppose Return filed 1 year late
Late fees =365*50=18250
Max Late fees=10000
So Late fees Applicable =10000 (5000 CGST+5000 SGST)