Late fee for delayed GST returns: daily penalty applies for missed filings, capped by specified maximums tied to turnover. The statute requires registered persons who miss filing obligations to pay a daily late fee for each day of default, with specified ceilings: a fixed ... Summary
Late fee for delayed GST returns: daily penalty applies for missed filings, capped by specified maximums tied to turnover.
The statute requires registered persons who miss filing obligations to pay a daily late fee for each day of default, with specified ceilings: a fixed maximum for failures to furnish supply details or certain returns, and a turnover linked maximum for failures to furnish the return under section 44; the provision thus pairs a per day penalty with alternative capped liability rules.
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