Late fee for delayed GST returns: daily penalty accrues up to a statutory cap, varying by return type. Failure by a registered person to furnish specified GST details or returns by the due date triggers a daily late fee for each day the failure continues, ... Summary
Late fee for delayed GST returns: daily penalty accrues up to a statutory cap, varying by return type.
Failure by a registered person to furnish specified GST details or returns by the due date triggers a daily late fee for each day the failure continues, subject to a maximum cap; returns under the specified section attract a daily penalty with a separate overall cap tied to the taxpayer's turnover in the State.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.