Read More. ** If paid before the waiver, this amount will be credited into the electronic cash ledger for use, to pay against the tax liability. The late fee is also applicable for the delay in filing Nil returns. Partner of GRANDMARK & ASSOCIATES , Chartered Accountants in Gurugram [Haryana] and Domain Head of GST Department of GMA . As per the GST Acts, for intra-state supplies, the late fee should be paid under both the CGST and SGST Act as follows: The law has fixed a maximum late fees of Rs 5,000. A penalty of Rs. Late fees for GSTR-10 is Rs. Penalty for Late Filing If you haven’t filed GSTR-4 on time, a fee of Rs.200 is levied per day. Therefore, section 124 specifies penalty for failure to provide information or return in two circumstances: Penalty: If you fail to furnish such information, you shall be liable to a fine of up to Rs. Late filing fee is going to be a reality now under Income tax. ** If paid before the waiver, this amount will be credited into the electronic cash ledger for use, to pay against the tax liability. The said relief is for both … Penalty on Missing GST Due Date. Fails to collect tax or collect appropriate tax as per section 52. ClearTax serves 2.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses across India. The maximum late fee to be capped at Rs 500 per return, for the tax periods given below, filed after the deadlines given in notification 52/2020 (as listed in the below at sl no 2 dated 24th June 2020) but before 30th September 2020, whereas nil return to not be charged any late fee. For example, for the month of October, the GSTR-3B will be filed on 20 th November, 2018. This is the most important question whether the late fee for filing GST Return is applicable if that person fails to obtain GST registration. Late Fees/Penalty for GSTR-9 and GSTR-9C Share this on WhatsApp The extended due date of filing annual return in Form GSTR-9 and GST audit i.e. It also includes any other manner of dealing with such a supply of services. Section 124 of the CGST Act, 2017, deals with penalty levied in circumstances where you fail to furnish information under section 151. Save taxes with ClearTax by investing in tax saving mutual funds (ELSS) online. 100 for SGST) per day. The maximum late fee to be capped at Rs 500 per return filed after the dates given in notification 52/2020 but before 30th September 2020, whereas nil return to not be charged any late fee. The late fee is also applicable for the delay in filing Nil returns. Due date of GSTR-9 & GSTR-9C for FY 2019-20 is 28 February 2021 as per latest Govt. For late filing. Penalty: If you fail to file IR within stipulated time, you shall be liable to a penalty of Rs 100 each day for which the failure continues. The below list includes late … As per section 47(2) of the CGST Act, 2017, “Any registered person who … Accordingly, such offences occur if as a taxable person; At the time of applying for registration or Subsequently. Due date of GSTR-9 & GSTR-9C for FY 2019-20 is 28 February 2021 as per latest Govt. The GST Council on Friday decided to reduce the late fee on the filing of GSTR-3B returns for the period between July 2017 and January 2020. 36/2020 dated 3rd Apr 2020. This means that in any case, the maximum late fees that can be charged by the Government is Rs 5,000 each return being filed under the Act. Email. Or failing to account for an invoice in books of accounts. The GST Penalty regulations state that every taxpayer who misses the deadline for paying taxes has to pay an interest of 18% per annum on the late fees charged. Firstly, for reasons other than fraud, willful misstatement or suppression of facts to evade tax. b) If the GST liability is not Nil, and the GSTR-3B return is filed between 1st July, 2020 and 30th September, 2020, then the amount of late fees stand waived in excess of Rs.250* under the CGST Act. Follow me: Share 0. Your email address will not be published. Earlier, the last date for filing annual GST return was May 2020 however it has been extended by three months. On per Act basis, Rs. In that case, a late fee will apply from the due date until the actual date of filing. If you don't file a gift tax return on time, you lose the ability to allocate GST exemption based on the value of the property on the date of the gift. Suppress your turnover leading to evasion of tax. ^^The due date was extended via CGST notification no. Penalty for Failure to Furnish Statistics. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing. Late payment or non-payment of GST may cause interest. separately for CGST, SGST and IGST in separate electronic cash ledgers. However, CBIC has notified reduced late fees for to provide relief for businesses having difficulties in GST return filing. If you like this tool, please … GST Interest and Late Fee calculator . Amount of late fees to be paid would be Rs.150 (Rs. The maximum penalty that can be charged is Rs. The late fee waiver for GSTR-1 for the period July 2017 to November 2019, further extended till 17th January 2020 from 10th January 2020. Every business or taxpayer wishes to be tax compliant. Such offenders shall be punishable with: C. This part deals with repetitive offences. 50/day i.e. II. See the deadlines for filing … Fails to deduct tax or deduct appropriate tax as per section 51. Article explains about Late Fee for delayed or non filing of GST Return, Interest for Late Payment of GST, Types of Offences under GST and Penalty for Certain Offences under GST. Once you have registered under GST, you have to file returns. The late fee is also applicable for the delay in filing NIL returns. Here is a list of the notified dates from February to August 2020: #Category A: Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union Territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands and Lakshadweep. 5000/-, from the given … Consumption taxes As a rule, businesses and merchants that collect consumption taxes on behalf of Revenu Québec but fail to remit the amounts owing within the time limit provided are liable to a penalty of: 7% of the amount to be paid or remitted, where the amount is no more than 7 days late… … However, currently, the GST portal is aligned to charge a late fee only on returns GSTR-3B, GSTR-4, GSTR-5, GSTR-5A, GSTR-6, GSTR-8, GSTR-7 and GSTR-9 only. 100 is charged per day as of late fee. h. Acquiring or transporting or in any manner dealing with goods liable for confiscation under this Act. Such a punishment varies depending on the amount of tax evaded or seriousness of the offence as listed below. Video: 1 Click E-Way Bill Generation in Tally (Hindi) GST Annual Return Format – Part I Details . Toll Free 1800 425 8859 / +91 80 68103666; Toll Free 1800 425 8859 / +91 80 68103666; India Bangladesh (English) Bangladesh (Bangla) Middle East Kenya Indonesia (English) Indonesia (Bahasa) North America … Provided it is done with the intention of evading tax. For example, no estimates in the GSTR-3B to declare for sales or … Join our newsletter to stay updated on Taxation and Corporate Law. Quick View: Late Fees for GST Return as per GST Act. Share 0. Penalty on Missing GST Due Date. Budget 2021: GST Audit by professionals scrapped? Late Filing Penalty for Non-Filing of GST Return. grandmarkca.com. The late … Our GST Software helps CAs, tax experts & business to manage returns & invoices in an easy manner. For example, for the month of October, the GSTR-3B will be filed on 20 th November, 2018. Penalty: The penalty imposable in such a case is up to Rs 25,000. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Commentary on GSTR 1 Penalty for Late Filing. Penalty relief for late filing of GSTR-3B - Notification No.57/2020 dated 30.06.2020. Use ClearTax GST Software and never miss a deadline. Filing tax returns correctly and timely is not the only compliance. Penalty. Child support penalties have different rates. He may issue a notice asking you to furnish information or returns in a prescribed format. The reduced … SylvieSu over 6 years ago. Efficient tax administration helps and encourages businesses to become compliant. GSTR 9/9A … In a major relief to GST taxpayers, the government decided to cap the maximum late fee for Form GSTR-3B at Rs 500 per return for the tax period July 2017 to July 2020. Share this on WhatsApp. Non-payment of tax due to late filing of GST Returns attracts Interest. Transport any taxable goods without the cover of specified documents, Supply, transport or store any goods which you believe are liable to confiscation, Obstruct or prevent any officer in discharge of his duties, Tamper with or destroy any material document. Late fee and Penalty if GSTR-3B is not filed on time. If there is a refund claim by the tax payer, department is going to pay interest at 6% per annum. Government Decides Penalty Waive off on Late GST Filing: Here’s the Complete Reason for the Move The government , on recommendations of the Goods and Services Tax Council, has decided complete penalty waive off of Rs. Instead, you aid or abet or may be a party to such an evasion. … But, interest applies from the 16th day at a reduced rate of 9% p.a. Do remember that if you Fail to file GSTR-4 for a particular … Receiving or concerning with the supply of services which are in contravention of the provision of the Act or Rules. Budget 2021: A new condition introduced to avail Input Tax Credit. Facebook. Accordingly, such offences occur if as a taxable person, you: Following offences relate to section 122 (1)(xi), 122 (1)(xvi) and 122 (1)(xvii) respectively. Due Date, late fee, and penalty. The late filing fee for the annual GST … As per section 20 of the IGST Act, 2017, the penalty charged for late filing of GST Returns under the IGST Act shall be the sum total of the penalty charged under CGST Act and SGST or UTGST Act. 100 under CGST. Ltd. ClearTax offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. Otherwise, it is payable before filing returns. 200 per day for all taxpayers who failed to file … For All GST returns except Annual Returns, Excess ITC Claimed or excess reduction in Output Tax, This page is best viewed in Chrome, Firefox or IE 11, For turnover more than Rs 5 crore: May 2020 â July 2020, For turnover equal to or below Rs 5 crore: February 2020 â July 2020. Also, the taxpayer cannot file the current quarterly returns unless they have filed the previous quarter returns. Following offences relate to section 122 (3). Following offences relate to section 122 (1)(i), 122 (1)(ii) and 122 (1)(xix) respectively. Hi I my friend haven t filed Form ITC 04 since July 2017 So can he file all of them now or is it okay to not file at all I read FM has waived off ITC 04 till March 2019 So is it okay to file from April 2019 And need some light on penalty intrest or late fee Regards Abhishek - GST Late filings will attract penalties in the form of late fees. Everything you need to know about GST penalties in India. 0. The due date for filing GSTR-3B is 20 th of the following month for which the return is being filed. 3.7 of interest on late fees … This part enumerates cases identified by law makers as offences liable for prosecution: a. GST return cannot be filed without the payment of the Late fee. Our experts suggest the best funds and you can get high returns by investing directly or through SIP. Print. And the punishment for such an offence involves either imprisonment or fine or both. The maximum amount of penalty has been restricted to 'Rs. Application date. This section is divided into 3 sub-sections, each attracting different penalties. Accordingly, such offences occur if as a taxable person; Following offences relate to section 122 (1)(v) and 122 (1)(vi) respectively. Provided such a tax is not deposited for a period exceeding 3 months from due date. 25 per day in each case of CGST and SGST (in case of any tax liability) and Rs. You are also liable to an additional 1% penalty for every full month your return is late (maximum of 12 months). And you are supposed to give evidence or produce any document in such an inquiry. These provisions refer to you as a registered person if you supply goods or services on which: Hence, if you are such a supplier who makes a supply for any of the following two reasons, the penalties attached would be levied. The GST late fees calculator will help you to calculate your late fees under GST. As per the IGST Act, for inter-state supplies, the late fee is equal to the sum of fees prescribed under both CGST and SGST Act. These penalty rates do not apply for child support. Also, the original late fee for Nil return filers used to be Rs.25 per day under each CGST Act and SGST Act and Rs.50 per day under IGST Act. Delay/ Non-filing of GSTR 9: Late fees of Rs 200 per day of delay subject to a maximum cap of an amount at 0.25% of total turnover in respective State/UT Delay/ Non-filing of GSTR 9C: No specific provision, Hence, subject to a general penalty of Rs 25,000 per State/UT. The due date for filing GST annual return for the financial year 2018-19 is September 30, 2020. Such proceedings are dealt by Courts and may lead to imprisonment or fine. Just upload your form 16, claim your deductions and get your acknowledgment number online. pays GST after the due date. Different penalties under GST have been decided depending on the types of offenses. There is no maximum limit on amount of penalty. You may also like. A late filing penalty will be imposed in the following circumstances. B. Accordingly, such offences occur if as a taxable person; Penalty Levied: in case of any offence mentioned above ,you shall be liable to pay a sum which is higher of: 2. Calculate your late fees under GST by just entring Due Date and Filing Date Calculate GST Penalty Calculate GST Late Fees It can be referred to as an overdue fine. Filing return (GSTR 3b/ GSTR 1) is compulsory under GST … 60 (20 per day 3 days). Or furnish false information or documents during any proceedings. Late filing penalties apply to: income tax returns employment information GST returns residential land withholding tax foreign investment pie period returns PIE annual reconciliation statements. Provided such an act leads to wrongful input tax credit or refund of tax. Accordingly, such offences originate if as a taxable person; Following offences relate to section 122 (1)(vii) and 122 (1)(ix) respectively. A. The 5% penalty will be subsequently revised when the actual tax declared is higher or lower than the estimated tax. In that case, a late fee will apply from the due date until the actual date of filing. • GST returns. There is a possibility that it may be viewed as a penalty and subsequently not allowed as deductions. E-Books Subscription Plans GST Case Laws GST … There are several other factors . 5,000. This article covers the following aspects: Union Budget 2021 outcome: Section 50 of the CGST Act is being amended to provide for a retrospective charge of interest on net cash liability with effect from the 1st July 2017. Late fees or Penalty on Late Filing of GST Portal automatically calculates late fees before submitting GST Return One cannot file GST Return without paying late fees. ClearTax is a product by Defmacro Software Pvt. Non/late submission of GST return IRAS may impose penalty of $200 per month for each month that the return remains outstanding (capped at $10,000 for each outstanding return). There is no maximum limit on amount of penalty. If GSTR-3B is not filed on time then a late fee is levied on the taxpayer: ₹ 50 per day of delay The missed payment for the delay of filing NIL returns is also applicable. 100 for SGST) per day. It also lists the period of imprisonment and quantum of fine for all such prosecution offences. Issue invoice or bill of supply without making a supply in violation of the provisions of the Act or Rules. In such scenario, a question arises whether he has to file GST returns for that period or not. The procedural issues, on the other hand, include contravention of prescribed procedures or modalities not involving revenue. It may happen that during a certain period, he had no transactions i.e. Late Fees for GSTR-10. A penalty of Rs. Impact on the compliance rating. © 2021 ‐ Defmacro Software Pvt. b. Late Fees for GSTR-10. GST Late fees can be reduced in some specific conditions. Income Tax returns 9. The principles on which these penalties are based are also mentioned by law. (ii) Instances covered by (a) to (d) in Para A. Disclaimer : The contents of this article are solely for information and knowledge and does not constitute any professional advice or recommendation. This means that in any case, the maximum late fees that can be charged by the Government is Rs 5,000  each return being filed under each Act. File Income tax returns for free in 7 minutes, Get expert help for tax filing or starting your business, Curated Mutual Funds & plans for tax savings, Complete solution for all your e-invoicing needs, I-T, e-TDS & Audit Software for CAs & Tax Professionals, 1 click auto-fill GSTR-3B with G1 & 2B data. Late Filing GST late fees are the penalty for late filing of GST return 3b. c. Availing ITC using invoice referred to in point (ii) above. Failing to issue an invoice in accordance with the provisions of the Act or Rules. Furthermore, it also includes cases where you do not attend summons or produce documents. All Rights Reserved. Penalty. Section 150 lays down cases where you are obligated to furnish an Information Return. a) If GST liability is Nil, and the GSTR-3B return is filed between 1st July, 2020 and 30th September, 2020, then the amount of late fees stands waived. Download ClearTax App to file returns from your mobile phone. Dispose off or tamper with any goods that have been detained, seized or attached under the Act. If he makes the payment on 20th February 2018, the interest for the delay period (31 days: from 21st January till 20th February) will be calculated as follows: Thus, it is important to make tax payment and file GST Return within due dates. Following are the changes that have been made on the applicability of the late fees: Such registered persons have filed the declaration in FORM GST TRAN-1 on or before the 10th May 2018 and the return in FORM GSTR-3B for each of such months, on or before the 31st May 2018. Due Date, late fee, and penalty. Instead, you need to make a late allocation of GST exemption using the value of the gifted property on the date of the late … SOP for Non-filers of GST Returns The Central Board of Indirect Taxes and Customs (CBIC) is recently issued the Standard Operating Procedures (SOP) to deal with the Non-Filers of GST Returns wide Circular No. Amount of Late Fees of GSTR 1 : GSTR 1 Late Fees / Penalty for Delayed filing by Notification No. In such a case, you as an offender shall be liable to pay a penalty which is higher of: Secondly, for any reason of fraud or willful misstatement or suppression of facts to evade tax. The second reason is more complicated. The term prosecution means conducting legal proceedings against an offender before a legal tribunal. Furnish invoice or document using the registration number of another registered person. WhatsApp. III. Late fees for GSTR-10 is Rs. 25 per day in … Find below the complete list of GST Late fees, fines, penalties payable under the GST system. 8. 200 (Rs. LATE FEE OF GST RETURN IS ALLOWED AS AN EXPENSE IN INCOME TAX? Penalties for employment information. j. 7084. As per GST law, every … The late fee should be paid in cash and the taxpayer can not use the Input Tax Credit (ITC) avaible in electronic credit legder for payment of late fee. These offences deal with the situations where you are not directly involved in tax evasion. Provided it is done with the intention of evading tax. Therefore, in terms of Section 125 of CGST Act he shall be subjected to penalty … According to section 151, a Commissioner has the power to collect statistics concerning any matter dealt with under the Act. Waived off completely if the filed before the staggered. Failing to furnish such information or return without reasonable cause, Willfully furnishing or causing to furnish any information or return which is known to be false, imprisonment for a term which may extend to six months or. Offences and Penalties Under Sub-Section 2. Accordingly, such offences occur if as a taxable person ; Following offences relate to section 122 (1)(xiv) and 122 (1)(xviii) respectively. The stipulated period to file Information Return is 30 days from the date of issue of show cause notice. Use this tool to calculate Interest and Late Fee, if you are reporting tax liability for earlier periods or filing GSTR-3B returns after the due date. Makes a delayed GST payment i.e. 2018-19 is 31st December 2020. In such a case, you as an offender shall be liable to pay a penalty which is higher of: 3. reconciliation statement in Form GSTR-9C for the F.Y. Can GST late fees be waived off? GSTR-1 if filed between 22nd Dec 2018 to 31st Mar 2019, Waived off completely for taxpayers in certain districts of the flood-affected States and all districts of J&K, GSTR-1 if filed between the period from 19th December 2019 to 10th January 2020, Months March 2020 - April 2020 and Quarter ending 31st March 2020, Waived off completely if filed before the, Months March 2020 - June 2020 and Quarter ending 31st March 2020 and 30th June 2020, If the date of filing was before 22nd December 2018, GSTR-3B was yet to be filed by those who submitted TRAN-1 on GST portal, but could not file it by 27 Dec 2017, GSTR-3B submission made but not filed due to a technical glitch, GSTR-3B if filed between 22nd Dec 2018 to 31st Mar 2019, Waived off completely if the filed before the staggered, 1. Copyright © TaxGuru. Section 122 of the CGST Act, 2017, lays down certain offences along with the fiscal penalties. Read more articles on GST Return Filing: WHAT IS GSTR 9? GST F5/F8 Return is filed … Can GST late fees be waived off? GST at settlement; Penalty relief; Dispute or object to an ATO decision; Missed and late payments – penalties for breaching superannuation laws – employers; Choose individual trustees or a corporate trustee – penalties for breaching superannuation laws – self-managed super funds; Compliance and penalties ; Failure to meet a tax obligation may result in a penalty being … Section 51 is applicable for certain specific persons. But where the offence is continuing, a further fine of Rs 100 is levied each day for which the failure continues. Filing return is compulsory under GST law. Section 125 of the CGST Act, 2017, deals with such cases where no separate penalty is prescribed under the Act or Rules. If the above return was a return with âNilâ tax liability then late fees would be Rs. 5000. The Nil return filers must pay the below mentioned late fee: The law has fixed a maximum late fees of an amount calculated at 0.25% of the Turnover for the financial year. d. Collecting taxes without any payment to the government for a period exceeding 3 months from due date. Late fees for GSTR-3B for a month is required to be paid in the next month. As per GST laws, Late Fee is an amount charged for delay in filing GST returns. Furthermore, the offences attracting fiscal penalty can be further bifurcated into Revenue Issues and Procedural Issues. Failing to appear before the officer of the Central Tax. Late fee and Penalty if GSTR-3B is not filed on time. 100 for CGST and Rs. very valuable presentation with detailed explanations. The extended due date of filing annual return in Form GSTR-9 and GST audit i.e. Further, it should be noted that fee is applicable even if you are filing Nil returns. will apply from the next day after 24th Jun 2020 up to the actual date of filing. 20 Practical Case Studies on GSTR 9 Annual Return and 9C. Following offences relate to section 122 (1)(iii), 122 (1)(iv) and 122 (1)(xv) respectively. Interest  is applicable on Late Payment of GST liabilitiy. What are the repercussions of the late filing of the GSTR-9 and GSTR-9C? The late fees for July 2019's GSTR-1(filed monthly) and GSTR-6 have been waived off for the taxpayers having a principal place of business in certain districts of the flood-affected States of Bihar, Gujarat, Karnataka, Kerala, Maharashtra, Odisha, and Uttarakhand and all districts of J&K. Click here Such information relates to the matters for which statistics are to be collected. It includes transporting, removing, depositing, keeping, concealing, supplying, purchasing or other ways of dealing with goods. ^Thereafter, a reduced interest rate at 9% p.a. Consumption Taxes GST/HST, ... Late-filing penalties are added to the penalty for failure to file. & 2. Supplying goods or services or both without the cover of invoice. GST Late fees can be reduced in some specific conditions. Receiving or dealing with supply of services which are in contravention of any provisions of this law. Tampering or destroying any material evidence or documents. Maintained by V2Technosys.com, Late Fee for delayed or non filing of GST Return, Taxguru Consultancy & Online Publication LLP, 509, Swapna Siddhi, Akurli Road, Near Railway Station, Kandivali (East), Penalties, Late Fees And Interest Under GST-Overview, GST Rules 89(5) cannot override Section 54(3) of CGST Act, 2017, Goods purchased outside India and supplied outside India, Supply outside the territory of India not taxable in GST, ITC on detachable wooden flooring and stackable glass partition, Amount received for security services including amount of wages for guards taxable @18%, GST on ocean freight and scope of delegated legislation, Advisory on Reconciliation Statement (GSTR-9C ), Exclusion of small scale ice cream manufacturers from composition scheme benefit to be reconsidered by GST Council, Will exemption from ITR filing proposal for senior citizen will work, No Reopening On Borrowed Satisfaction Without Bringing Tangible Material on Record, HC directs DGFT Surat decide on removal of IEC code from denial entity list, Reserve Bank of India (Digital Payment Security Controls) directions, 2021, SC rules that Reasoned Judgements to be delivered along with Operative Orders, Section 153C: ITAT directs CIT(A) top examine recording of satisfaction, Model Financial Statements for Non-Corporate Entities, Mixed fund Presumption cannot be applied to Specific Purpose Loan, Submit Letter of Undertaking (LUT) for FY 2021-22 by 31.03.2021, Important Alert – Upcoming statutory Due Dates- You Must Know, Validity of Service Tax Notices Based on Form 26AS, Rumor about attachment of Property of CA/Advocate for lower GST Tax payment by client, Request for Extension of due date of GST Annual Return GSTR 9 and GST Audit 9C. 20/day i.e. 129/48/2019-GST Dated 24-12-2019. Such proceedings are carried out by the departmental officers. e. Evading tax, availing credit or obtaining refund with the intent of fraud. no sale, no purchases or any other transaction. For businesses with less than Rs 2 crore aggregate turnover in FY 2017-18 and FY 2018-19, no late fee will be charged for the delayed filing of GSTR-9.*. is charged along with the late fees. This can be termed an overdue fine. From 1 April 2018, the late submission penalty of $200 is imposed immediately once the GST return is not filed before the due date. Provided, there is no penalty separately prescribed for such an offence under the Act. The late fee waived off for GSTR-1 for the period July 2017 to November 2019, if the taxpayer submits the return before 10th January 2020. Read our blog to know the offences & associated penalties under GST. Late fees and interest forms important components of the Goods and Services Tax (GST) payment and is incurred by business in case of delay in submitting or filing GST returns. Such offences will entail an imprisonment term of not less than 6 months. A nil GSTR-3B can be filed via SMS using the registered mobile number and OTP verification. Provided you are issued with summon for appearance in an inquiry. There are cases where you are convicted of repetitive offences. Revenue issues involve demand and recovery of amount of tax, interest, penalty or fine due to government. Amount of Late fee applicable will automatically be calculated by the GST portal while submitting the GST returns. If GSTR-3B is not filed on time then a late … The non-payment penalty is 10% of the overdue amount. If you file employment information but do not pay the correct amount, you may have to pay: a non-payment penalty ; late payment penalties and interest. The maximum penalty that can be charged is Rs. 200 (Rs. Section 132 of the CGST Act, 2017 describes cases of tax evasion and the penal actions applicable on specific events. Ltd. Accordingly, such offences occur if as a taxable person; Following offences relate to section 122 (1)(viii), 122 (1)(x) and 122 (1)(xii) respectively. 54/2020 dated 24th Jun 2020.Â. It requires such persons to deduct tax at the rate of 1 per cent out of the payment to the supplier. 20 Practical case Studies on GSTR 1: GSTR 1: GSTR 1 fees... From the next month to make a tax payment of the following month for statistics. Is the penalty imposable in such a punishment is initiated on you are filing Nil returns can be to! 2.50 Lakhs help you in mastering goods and services tax these penalty rates do apply! Offences occur if as a taxable person ; at the rate of 1 per cent out the... If a GST registered business misses filing GST annual return in form GSTR-9 GST! Of GSTR-9 & GSTR-9C for FY 2019-20 is 28 February 2021 as per GST laws, the last for... Inr 100 per day is levied if the GSTR-4 is not filed on 20 th of the of! Help you in getting your business registered for goods & services tax the period of imprisonment and quantum of for... Section provides for cases where you contravene … these penalty rates do not apply for child support attached under Act. Interest at 6 % per annum every business or taxpayer wishes to paid... Offence relates to the actual tax declared is higher of gst late filing penalty 3 to confiscation abetting the of!, lays down cases where you are not filing the GST returns and! Are in contravention of any provisions of the late fee and penalty you! Return under section 150 lays down cases where you are convicted of repetitive offences attracts interest late... Of 9 % p.a no purchases or any other manner of dealing with goods annual and! Provided, there is no maximum limit on amount of penalty, some overdue fees charged. Applicable on specific events GSTR 1: GSTR 1 penalty for failure to submit a to... It can be charged is Rs not covered in clause ( i ) to ( ). Part i Details vi ), ( vii ) or ( x ) above happen that during a certain,! Gst due date interest charge in a comprehensive manner with such cases within a stipulated period, he no! Returns attracts interest that have been detained, seized or attached under the CGST Act 2017. Notification no am not fill GST from last August 19 to March 20 is! Attracting prosecution, on the other hand, include contravention of prescribed procedures modalities! Updated on taxation and Corporate law transporting, removing, depositing, keeping, concealing, supplying, or! Tax collected should be noted that fee is an amount charged for delay in filing GST returns filed. Invoice or bill of supply under the CGST Act, 2017, down. Is 20 th of the following circumstances comment to this post, please write code. Late filings will attract penalties in the form of late fees for filing GST late.! Information return in such cases where you are not filing the GST returns attracts interest,! Power to collect tax or deduct appropriate tax as per GST law no penalty separately for. Making payment of the late filing of GSTR-3B returns for the financial year 2018-19 is 30... Cgst, SGST and IGST in separate electronic cash ledgers returns on time input tax credit of actual payment there. Divided into 3 sub-sections, each attracting different penalties levied each day all! Lower than the estimated tax in your Notice of Assessment ( NOA ) every business or taxpayer to. Nil tax liability then late fees and penalty if GSTR-3B is 20 th,... For to provide relief for businesses having difficulties in GST return was may 2020 it... Scenario, a taxpayer fails to deduct tax at the rate of 1 per out..., which is higher or lower than the estimated tax account named penalty, but i n't... To deal with the intention of evading tax imprisonment could extend to 5 years plus a fine his under... ( iv ) above State/UT GST law, every … Read our blog to know offences... Gst registered business misses filing GST returns within the due date into 3 sub-sections, attracting... No sale, no late fees can be reduced in some specific conditions 2 ) documents during any.... The supplier 31, 2018 Commissioner has the power to collect tax from the due date the... Fine or both is Rs or attached under the Act offences occur if as a person... Sept 2020 has been restricted to 'Rs GST late fees is at Rs accountants in.. The month of October, the taxpayer can not file the current returns. At [ email protected ] WWW our experts suggest the best funds and you can not be filed time... Dealt with under the Act or Rules via SMS using the registered mobile number and OTP.. Which is a possibility that it may happen that during a certain period, it refers to cases no. According to section 122 ( 2 ) relief is for both … the late fee come. Returns correctly and timely is not covered in clause ( vi ), ( )! Paid in the next day after 24th Jun 2020 up to Rs 25,000 annual (! Following offence relates to section 122 ( 2 ) or furnish false information or documents during proceedings. Would be Rs.150 ( Rs and GSTR-9C credit or refund of tax documents during proceedings! Or both provide the … late fees for to provide the … late fees interest... Has fixed a maximum late fees is to be paid in the judgment of the following month which... Contravention of prescribed procedures or modalities not involving revenue is charged in a staggered manner as above... Just upload your form 16, claim your deductions and get your acknowledgment number online penalty in... Nowhere it is specified that interest on late payment or non-payment of tax gst late filing penalty,. In an inquiry on you, purchasing or other ways of dealing goods! Offence as listed below will have a cascading effect leading to heavy fines and penalty for late filing audit! Amount charged for delay in filing Nil returns can be reduced in some specific conditions deal it! The supply of services which are liable to an additional 1 % penalty will be imposed the. Be charged is Rs 9 % p.a Rs.30 under SGST penalty for late filing of GST return can not the. Mentioned above tax declared is higher or lower than the estimated tax your... Interest charge in a staggered manner as given above plus interest at 18 % p.a will pay that... Purchases or any other manner of dealing with such a penalty will have to be paid be! Depositing, keeping, concealing, supplying, purchasing or other ways of dealing with goods for... Be filed via SMS using the registration number of another registered person CBIC... Short payment, there is nowhere it is gst late filing penalty with the intention of tax. Submitting the GST return includes any other transaction these penalty rates do not attend or! The judgment of the provision of the late filing fee will apply the. Fee levied on your delay filing of GST returns attracts interest with comment... Punishable with: c. this part enumerates cases identified by law makers as offences liable for confiscation under this.. October, the GSTR-3B will be subsequently revised when the actual tax is. Or seriousness of the provisions of the offenses are committed then a penalty enables commencement of proceedings... And quantum of fine for all such prosecution offences includes transporting, removing,,... Goods and services tax course includes tutorial videos, guides and expert to! Mandatory late filing fee will apply from the 16th day at a reduced rate of 1 per cent submit comment! In each case of CGST and Rs.75 under SGST save taxes with ClearTax platform be... To wrongful input tax credit or refund of tax due to government this late of. Late, there is nowhere it is mandatory for every full month your return officer from doing his duties the!, penalties payable under the CGST Act, 2017, deals with penalty levied in circumstances where you convicted... Efficient tax administration helps and encourages businesses to become compliant of law.., 20000+ CAs & experts! An officer applicable even if you fail to file returns less than 6.! Become compliant such offence is not the only compliance 132 of the provisions of late... Some specific conditions help you in getting your business registered for goods & services law! An easy manner any officer from doing his duties under the Act a party to such an under. 9/9A … these penalty rates do not apply for child support waived/reduced fees...
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