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CGST notification No.22/2021 dated 1st June 2021 Here for the delay late fee comes @ Rs. 200/- per day and if the delay prolongs maximum late fee shall be 0.25% of assesses turnover in the respective State. In short if a tax payer omitted to file an annual return the late fee starting from Rs.
How to deposit Late fees with Government. Amount of Late fee applicable will automatically be calculated by the GST portal while submitting the GST returns. The Late fee is paid in cash separately for CGST, and SGST in separate electronic cash ledgers. GST return cannot be filed without the payment of the Late fee.
Summary of proposed amendment The proposed amendment is a result of a recent interpretation of the law which concluded that no GST is chargeable on late payment fees.
Late Fees and Penalty ing to the GST law, the late fee for not submitting GSTR-1 is Rs 200 per day for delayed filing (Rs 100 as per the CGST Act and Rs. 100 as per the SGST Act). This late fee is calculated from the day following the last filing date.
If payment for tax, interest, penalty, and fee is made through internet banking, credit card, NEFT, or RTGS, the electronic cash ledger will be credited. The balance will be used to pay any outstanding interest, fee, or liability in the taxpayer's electronic cash ledger.