Late fee for delayed GST returns: per day penalty applies, capped either by a fixed maximum or by turnover-based limit. Section 47 prescribes a per day late fee of one hundred rupees for failures to furnish details under sections 37 or 38 or returns under sections 39 or 45, ... Summary
Late fee for delayed GST returns: per day penalty applies, capped either by a fixed maximum or by turnover-based limit.
Section 47 prescribes a per day late fee of one hundred rupees for failures to furnish details under sections 37 or 38 or returns under sections 39 or 45, subject to a maximum of five thousand rupees; and a per day late fee of one hundred rupees for failure to furnish the return under section 44, subject to a maximum of one quarter percent of turnover in the State.
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