Late Filling of ER 1

[Varsha Shah]

We have late file ER 1 as we are unaware of provision of ER 1 that it should be filled as soon as we got registered. We thought we should file after production get started. So, we have filed return from April to August late. So, for this we have received notice from superintendent for late filling return from April to August ₹ 100 per day. How can we reduce that?

[Ganeshan Kalyani]

Pls go through the issue id referred below, where experts have replied the query in detail.

Issue Id: - 110015 Dated: 10-3-2016

AI Summary

Late filing of ER1 returns can attract per day penalties; taxpayers should seek mitigation and follow prior expert guidance. Late filing of ER 1 returns after registration can attract per day penalties; the taxpayer filed returns for April-August late due to a misunderstanding about immediate filing obligations and received a superintendent's notice seeking daily penalties, and was advised to consult a prior expert discussion for guidance on mitigation and procedural response.