What are the late fees and penalties under gst regime for non filing of quarterly return and non filing of monthly GSTR3B . how to calculate late fees and penalties and create challan.
If you do not file your returns on time then late filing fee will be Rs. 50 per day and if it is a nil return then late filing fee will be Rs. 20 per day.
You need to also pay 18% interest on late payment of taxes and 24% for wrong utilisation of input tax credit.
Sign up to discuss taxation, accounting and finance topics with experts from all over India.Join Discussion