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There are strict penalties if GST Returns are not filed. The Govt. of India however, withdrew this penalty for the months of July, August and September - 2017. However, the penalties are being strictly levied for the months after that.
The penalty structure is as follows:
- In case there...
Wazzeer Professional Network
ProfessionalWhat happens if someone fails to file the GST return?
-
Wazzeer Professional Network
ProfessionalThere are strict penalties if GST Returns are not filed. The Govt. of India however, withdrew this penalty for the months of July, August and September - 2017. However, the penalties are being strictly levied for the months after that.
The penalty structure is as follows:
- In case there are no transactions for the month/quarter and returns are not filed, the penalty charged is Rs.20 per day
- In case, there are transactions in the month and you have not filed the GST returns then penalty charged is Rs.50 per day.
- Also, on the net outstanding GST amount interest will be charged at 18% per annum in case of late payment of GST
over 4 years ago
View answer
What happens if someone fails to file the GST return?
-
Wazzeer Professional Network
ProfessionalThere are strict penalties if GST Returns are not filed. The Govt. of India however, withdrew this penalty for the months of July, August and September - 2017. However, the penalties are being strictly levied for the months after that.
The penalty structure is as follows:
- In case there are no transactions for the month/quarter and returns are not filed, the penalty charged is Rs.20 per day
- In case, there are transactions in the month and you have not filed the GST returns then penalty charged is Rs.50 per day.
- Also, on the net outstanding GST amount interest will be charged at 18% per annum in case of late payment of GST
over 4 years ago
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