| Sep-30-2021

GST penalty

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  • CA VenkataramaniVandana Rathi
    Participant

    How do I save on the GST penalty for not filing a NIL return and cancel the GST?

    CA VenkataramaniCA Venkataramani
    Compliance Expert

    Comment: The maximum penalty that could be levied in terms of Section 125 of the CGST / respective SGST Act, 2017 for delay in furnishing the returns is Rs. 50,000/- (CGST penalty of Rs. 25,000/- and SGST penalty of Rs. 25,000/-). However, the late fee for delay in filing the returns where the tax liability is ‘Nil’ could be waived off, if the returns in Form GSTR – 3B for the tax periods July 2017 to January 2020 is filed between the period from 01st day of July, 2020 to 30th day of September, 2020.

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