Late fee for delayed GST returns imposes a daily penalty with statutory caps and a turnover-based ceiling for specified returns. Section 47 prescribes a mechanism for levy of a late fee on registered persons who fail to furnish required GST information or returns by the stipulated ... Summary
Late fee for delayed GST returns imposes a daily penalty with statutory caps and a turnover-based ceiling for specified returns.
Section 47 prescribes a mechanism for levy of a late fee on registered persons who fail to furnish required GST information or returns by the stipulated due dates, imposing a daily late fee for each day of default subject to a statutory maximum for specified returns and a turnover-linked maximum for the return under section 44.
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