Late fee for delayed GST returns: daily penalty applies, capped either by a fixed ceiling or by a turnover-based cap. The Act imposes a daily late fee for registered persons who fail to furnish outward/inward supply details under sections 37 or 38 or returns under ... Summary
Late fee for delayed GST returns: daily penalty applies, capped either by a fixed ceiling or by a turnover-based cap.
The Act imposes a daily late fee for registered persons who fail to furnish outward/inward supply details under sections 37 or 38 or returns under sections 39 or 45, subject to a fixed monetary maximum; a separate daily late fee for failure to furnish the return under section 44 is subject to a maximum calculated as a percentage of turnover in the State.
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