Late fee for delayed GST returns imposes daily penalties culminating in capped liability and turnover-based cap. Levy of a late fee applies to registered taxable persons who fail to furnish required details or returns by the due date; a fixed daily late fee is imposed with one scenario capped by a fixed monetary maximum and an alternate scenario capped by a percentage-based amount tied to the taxpayer's aggregate turnover.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Late fee for delayed GST returns imposes daily penalties culminating in capped liability and turnover-based cap.
Levy of a late fee applies to registered taxable persons who fail to furnish required details or returns by the due date; a fixed daily late fee is imposed with one scenario capped by a fixed monetary maximum and an alternate scenario capped by a percentage-based amount tied to the taxpayer's aggregate turnover.
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