Gstr 1 late fee waiver
Webturnover and opts to file FORM GSTR-1 on quarterly basis, he may be liable for punitive action under the CGST Act, 2024. 2. Applicability and quantum of late fee: 2.1 The late fee for the months of July, August and September for late filing of FORM GSTR – 3B has already been waived off vide Notification No. 28/2024-CT dated 1st WebNov 17, 2024 · Waive Late Fee for Delay in filing Form GSTR1 : Notification No. CT 4 of 2024 dated 23.01.2024 granted to waive late fee for registered person, delay in filing the …
Gstr 1 late fee waiver
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WebLate fee waiver/Amnesty Scheme given under GST A.2/2024 - If GSTR-4 is not filed from July 2024 to March 2024 late fee has been capped at 250 rupees and 0 for Nil turnover (With a condition that ... WebJun 2, 2024 · (1) Class of registered persons (2) Amount (3) 1. Registered persons who have nil outward supplies in the tax period: Two hundred and fifty rupees: 2. Registered …
WebMaximum Late Fees must be an amount calculated at 0.25% of the Turnover for the Financial Year. GST 3B Late Fee Waiver The Government issued the GST Late Fee waiver notification 2024, to waive or reduce the penalties on delay in filing GST Returns. WebJan 11, 2024 · In GSTR-1 and GSTR-3B other than nil filing, maximum late fee is fixed based on annual turnover slab, as follows: If the annual turnover in the previous financial year is upto Rs.1.5 crore then the late fee of maximum Rs 2,000 per return can only be … As per the CGST Notification 7/2024 issued on 26th May 2024, a late fee waiver was …
WebAug 24, 2024 · Wavier of late fee Given the current situation, the due date for filing GST returns are revised for February to May,2024. It’s important to note that the extension of … WebApr 1, 2024 · New proviso has been inserted in Notification No. 73, in order to waive the amount of late fee payable under section 47 of the Central Goods and Services Tax Act, 2024 (“the CGST Act”), which is in excess of INR 500 (CGST+SGST) and shall stand fully waived where the total amount of central tax payable in the Form GSTR-4 is nil, for the …
WebThe late fee for GSTR-1 waived off for the period July 2024 to November 2024, if the taxpayer submitted the return before 10 January 2024. GSTR-10 is the Final return to be filed by taxpayers whose GST registration is cancelled. It is to be filed within three months of the date of cancellation or date of cancellation order, whichever is later.
WebVRIDHI CHAND SHARMA posted images on LinkedIn nsls hccWebFeb 2, 2024 · I further request your goodself that the late fee should be rationalised and it should be reduced from Rs. 200 per day to Rs. 50 per day as in case of GSTR-1 & GSTR-3B. The maximum late fee should be capped at Rs. 20,000 (as it was in case of delay in filing of service tax returns under Chapter V of Finance Act, 1994) and not at 0.50% of … nsl sheepWebAnnual GSTR2A should be provided by GSTN : It is a pathetic state of affairs that GSTN provides only monthly GSTR2A. So, one has to manually consolidate 12… nsls honor regaliaWebGST late fee waiver for delay in filing Form GSTR-4 during July 2024 to March 2024 New proviso has been inserted, in order to waive the amount of late fee payable under section 47 of the Central Goods and Services Tax Act, 2024 which is in excess of INR 500 (CGST+SGST) and shall stand fully waived where the total amount of tax payable in the … nsls graduate scholarshipsWebJun 8, 2024 · GSTR 1 and GSTR 3b are the two main returns. There are late fees for late filing of these returns. Even if the turnover is NIL, Late fees are leviable. There are many … night wings nation ssoWebTODAY IS THE LAST DATE OF FILING GSTR-1 (JULY, 2024-NOV, 2024) TO GET THE BENEFIT OF WAIVER FROM LATE FEES. M.NO.:7065000048 #waiver #filing #gstr nightwing staff for saleWebAug 18, 2024 · 7. The last consequence : Restriction of Input Tax Credit of recipients: 1. Late Fees under Section 47 of the CGST Act, 2024 – Starts Immediately after due date. Late fees is the first consequence you will … nsl show