Reduction in Late fees for GST Return of Composition Dealer

Last updated at Dec. 16, 2024 by

Late fees for late filing of return for Composition Dealer has been made same as Regular Dealer

Late fees is as follows

Case

Late Fees

In case No Tax Payable

20 per day

In Case Tax Payable

50 per day

Note:-

Late fees Is to be divided equally into CGST and SGST

Even if IGST is payable, still for late fees we have to pay CGST and SGST (and not IGST)

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.