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The late fees for July 2019's GSTR-1(filed monthly) and GSTR-6 have been waived off for the taxpayers having a principal place of business in certain districts of the flood-affected States of Bihar, Gujarat, Karnataka, Kerala, Maharashtra, Odisha, and Uttarakhand and all districts of J&K. Such offenders shall be punishable with: C. This part deals with repetitive offences. There is a possibility that it may be viewed as a penalty and subsequently not allowed as deductions. This means that in any case, the maximum late fees that can be charged by the Government is Rs 5,000  each return being filed under each Act. Fails to deduct tax or deduct appropriate tax as per section 51. Use ClearTax GST Software and never miss a deadline. GST Interest and Late Fee calculator . The late fee would be Rs.75 under CGST and Rs.75 under SGST. In that case, a late fee will apply from the due date until the actual date of filing. It can be referred to as an overdue fine. Late filing fee is going to be a reality now under Income tax. The due date for filing GST annual return for the financial year 2018-19 is September 30, 2020. Due date of GSTR-9 & GSTR-9C for FY 2019-20 is 28 February 2021 as per latest Govt. Now the question is whether GST late fee will come under infraction of law..? Accordingly, it refers to cases where you contravene. f. Falsifying financial records or producing false records/ accounts/ documents/ information. For example, for the month of October, the GSTR-3B will be filed on 20 th November, 2018. Once you have registered under GST, you have to file returns. 54/2020 dated 24th Jun 2020.Â. ClearTax can also help you in getting your business registered for Goods & Services Tax Law. Would you please don't just tell me that your account will take care of it. Under the CGST Act, 2017, section 123 deals with circumstances where you fail to file an Information Return under section 150. If GSTR-3B is not filed on time then a late fee is levied on the taxpayer: ₹ 50 per day of delay Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing. Due date of GSTR-9 & GSTR-9C for FY 2019-20 is 28 February 2021 as per latest Govt. Required fields are marked *, Notice: It seems you have Javascript disabled in your Browser. And the punishment for such an offence involves either imprisonment or fine or both. 60 (20 per day  3 days). You may also like. I would like to know what account will be for a penalty for GST filling late. Late fees for GSTR-1 is Rs. Skip to content. See the deadlines for filing … Article explains about Late Fee for delayed or non filing of GST Return, Interest for Late Payment of GST, Types of Offences under GST  and Penalty for Certain Offences under GST. But where the offence is continuing, a further fine of Rs 100 is levied each day for which the failure continues. 200 per day is levied if the GSTR-4 is not filed. Therefore, in terms of Section 125 of CGST Act he shall be subjected to penalty … However, CBIC has notified reduced late fees for … The late fee is also applicable for the delay in filing Nil returns. Penalty for GST filing late, what account is for that? The late fee waiver for GSTR-1 for the period July 2017 to November 2019, further extended till 17th January 2020 from 10th January 2020. 0. Accordingly, such offences occur if as a taxable person; Following offences relate to section 122 (1)(viii), 122 (1)(x) and 122 (1)(xii) respectively. Filing deadlines. The late fee should be paid in cash and the taxpayer can not use the Input Tax Credit (ITC) avaible in electronic credit legder for payment of late fee. 200 will be charged. Section 125 of the CGST Act, 2017, deals with such cases where no separate penalty is prescribed under the Act or Rules. For businesses with less than Rs 2 crore aggregate turnover in FY 2017-18 and FY 2018-19, no late fee will be charged for the delayed filing of GSTR-9.*. Delay/ Non-filing of GSTR 9: Late fees of Rs 200 per day of delay subject to a maximum cap of an amount at 0.25% of total turnover in respective State/UT Delay/ Non-filing of GSTR 9C: No specific provision, Hence, subject to a general penalty of Rs 25,000 per State/UT. Late Fees/Penalty for GSTR-9 and GSTR-9C Share this on WhatsApp The extended due date of filing annual return in Form GSTR-9 and GST audit i.e. Government Decides Penalty Waive off on Late GST Filing: Here’s the Complete Reason for the Move The government , on recommendations of the Goods and Services Tax Council, has decided complete penalty waive off of Rs. The non-payment penalty is prescribed under the GST returns section provides for where... 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