Late fee for delayed GST returns imposes a daily penalty with statutory caps differing by type of return. Section 47 imposes a daily late fee on registered persons who fail to furnish outward or inward supply details or prescribed returns, subject to a maximum ... Summary
Late fee for delayed GST returns imposes a daily penalty with statutory caps differing by type of return.
Section 47 imposes a daily late fee on registered persons who fail to furnish outward or inward supply details or prescribed returns, subject to a maximum cap for those filings; failure to furnish the separately specified return attracts the same daily fee with an upper limit calculated on the taxpayer's turnover in the State.
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