{"id":1865,"date":"2019-09-20T16:22:43","date_gmt":"2019-09-20T10:52:43","guid":{"rendered":"https:\/\/aktassociates.com\/blog\/?p=1865"},"modified":"2019-09-20T16:29:46","modified_gmt":"2019-09-20T10:59:46","slug":"late-fees-under-gst","status":"publish","type":"post","link":"https:\/\/aktassociates.com\/blog\/late-fees-under-gst\/","title":{"rendered":"All About Late Fees under GST"},"content":{"rendered":"

Under any law, if any taxable person fails to comply with the provisions of the Act, rules, and regulations made thereunder then he has to face interest and other penalties. So, it is very important for any business to consider all the statutory and other laws applicable to them.<\/span><\/p>\n

In this article, we shall discuss such late fees which would need to be paid if the taxable persons fail to file the returns<\/a> within the prescribed time as per the provisions of the GST Act, 2017.<\/span><\/p>\n

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For Example, Mr. A is a taxable person but his turnover in one month is NIL, so he didn\u2019t file the return for that month. But later he comes to know that return is required to be filed even in case of no outward supply so he files the return after its due date. In this case, also, he shall be liable to pay late fees for the period from the due date to the period of actual filing of return.\u00a0<\/span><\/p>\n

That means the late fees all depend upon the delay of a number of days in filing of the return, does not matter whether he has no taxable supply or Exempted supply.<\/p>\n

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In this article, we will discuss about...<\/p>\nToggle<\/span><\/path><\/svg><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n