Late fee for failure to furnish GST returns or supply details: daily charge capped by fixed maximum or turnover percentage. A registered taxable person who omits required supply details or specified returns by the due date incurs a statutory late fee accruing daily up to a ... Summary
Late fee for failure to furnish GST returns or supply details: daily charge capped by fixed maximum or turnover percentage.
A registered taxable person who omits required supply details or specified returns by the due date incurs a statutory late fee accruing daily up to a fixed maximum; omission to file the principal return attracts a daily late fee capped by an amount calculated as a proportion of the person's turnover in the State, establishing separate fixed and turnover linked ceilings on daily penalty accruals for non filing.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.