Web20 rows · Nov 9, 2024 · Late fees for annual GST returns. Late fees for filing NIL returns. The details for these scenarios are as follows: Late fees for non-annual GST returns. If … WebMay 14, 2024 · Under the GST law, where the registered person files Form GSTR 1 after the due date, he would be liable to pay a late fee for such late filing. The fees in the given case would be Rs. 200 per day (i.e. Rs. 100 …
Notice on mismatch in GSTR-3B & GSTR-2A without …
WebDec 24, 2024 · GSTR-1 Late fees and Penalty. The late fees for not filing GSTR-1 on or before the due date is Rs. 200 per day of the delay (i.e., As per CGST act Rs. 100 and as per SGST act Rs. 100). It will be charged from the date after the due date. WebManual filing of GSTR-1 allowed to amend of the reporting errors in GSTR1 in order to entitle ITC to the recipient- M/s Y.B Constructions Pvt Ltd. Vs Union of… platform hand trucks at sam\u0027s club
GSTR 1 Due Dates For January To March 2024 (Regular Taxpayers)
WebJan 10, 2024 · Form GSTR-1 is a return statement in which a regular dealer needs to capture all the outward supplies made during the month or a quarter. In simple words, … WebApr 12, 2024 · 5. Timely filing of returns: Timely filing of returns is crucial for claiming ITC. Late filing or non-filing of returns can lead to the denial of ITC. Businesses may also face penalties and interest charges for late filing or non-filing. Solution: Businesses should ensure that they file their returns on time, without any delays. They should ... WebJan 18, 2024 · In past, the GST department had reduced the late fees from Rs.200 per day of delay to Rs.50 per day, and Rs 20 per day (For NIL return) & waived the same for the period up to June 2024. But as we are moving forward in the GST system, furnishing of GSTR-1 becomes more important for the system to work smoothly, with less complications. platform handrail