https://www.taxtmi.com/manuals?id=7616 Filing returns under GST is mandatory, including nil returns, and prior-period filing is required before current-period filing. Late fees from outward-supply returns are posted to the liability ledger when the next regular return is filed. Interest is payable on the net outstanding tax from the day after the due date until payment at the prescribed annual rate. Statutory late fee provisions impose per-day penalties with an overall cap under the central and state Acts, and annual reconciliation returns carry a turnover-linked cap; no separate late fee applies under the integrated tax statute. en-us Tue, 25 Feb 2025 14:22:00 +0530 Mon, 03 Mar 2025 13:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=7616 Filing returns under GST is mandatory, including nil returns, and prior-period filing is required before current-period filing. Late fees from outward-supply returns are posted to the liability ledger when the next regular return is filed. Interest is payable on the net outstanding tax from the day after the due date until payment at the prescribed annual rate. Statutory late fee provisions impose per-day penalties with an overall cap under the central and state Acts, and annual reconciliation returns carry a turnover-linked cap; no separate late fee applies under the integrated tax statute. Manuals GST Tue, 25 Feb 2025 14:22:00 +0530 https://www.taxtmi.com/manuals?id=7616