What is the penalty for not filing Gstr-10 on time?

100 SGST per day. That means you have to pay Rs. 200 per day until the date of actual payment. There is no maximum limit of the penalty on GSTR-10 filing.

Is Gstr-10 certificate mandatory?

So the Answer here is no. CA Certification is not compulsory while filing GSTR-10, but is required only in case the taxpayer was having stock and tax invoices related to the inputs held in stock are not available.

What is the late fee for GST annual return?

Just like non-annual GST returns, the late fees for annual GST returns are INR 100 under CGST law per day and INR 100 under SGST law per day. Thus, a total of INR 200 per day is applicable till the date late fees have been paid.

Who should file gstr10?

Who should file GSTR-10? GSTR 10 is required to be filed only by the persons whose registration under GST has been cancelled or surrendered. The regular persons registered under GST are not required to file this return.

Who is required to file gstr10?

To file the GSTR-10: You must be a registered tax payer under the GST with a 15 digit PAN based GSTIN who is now cancelling his/her GST registration. The aggregate turnover of your business should be greater than 20 lakh rupees (10 lakh rupees in case of NE India).

How do I file my Gstr 10 after cancellation?

Here are the steps to create and file details in Form GSTR-10.

1. Step 1: Login to the Portal.
2. Step 2: Enter the Credentials.
3. Step 3: Click Final Return.
4. Step 4: Click Prepare Online.
5. Step 5: Enter the Address.
6. Step 6: Click Save.
7. Step 7: Enter Chartered Accountant or Cost Accountant Details.
8. Step 8: Attach the Documents.

How is GST late fee calculated?

Late fees for GSTR-9 and GSTR-9A is Rs. 200 (Rs. 100 for CGST and Rs. 100 for SGST) per day up to a maximum of 0.50\% (0.25\% for CGST and 0.25\% for SGST) of turnover.

How are late fees calculated?

To calculate the interest due on a late payment, the amount of the debt should be multiplied by the number of days for which the payment is late, multiplied by daily late payment interest rate in operation on the date the payment became overdue.

What is Form GST Asmt 10?

Form: A scrutiny notice is issued in Form ASMT-10 intimating discrepancies in GST return along with tax, interest and penalty if any. A reply should be submitted in Form ASMT-11.

Is composition dealer required to file Gstr 10?

Form GSTR-10 has to be filed by every taxpayer if their registration is cancelled except the following: Input Service Distributor. Persons paying tax under section 10 (Composition Taxpayer) Persons required collecting TCS (Under section 52)

What is the late fee waived for gstr 3B?

GST Late fee waived for 30 days in respect of returns in FORM GSTR-3B. Late fees are waived only for the month of- GST return Late fees are waived for the above month only if the GSTR 3B return is furnished within 30 Days from the original due dates. 1. For Regular Taxpayer: Having Turnover more than 5 Crore

Is there any waiver for late fees in GST return?

However, the waiver of late fees has raised several eyebrows as the defaulters and taxpayers who defaulted on filing GST returns for months, later filed these by paying huge late fees have been shown no leniency for their compliance paying huge late fee, e.g. in a few cases tax liability was not even Rs 2000 but late fee paid was Rs 20000/- .

Is there any time to file gstr 1 after 17th January?

Since the due date for GSTR 1 has been extended till 17th January. So you have time to file the same till 17th of January, after that you will have to pay the late fees. The late fees would be waived off only if you furnish the said details in FORM GSTR-1 between the period from 19th December, 2019 to 17th January, 2020.

What is waiver of late fee for filing tax return?

Note 1: For tax payers having turnover of more than 5 Cr. complete waiver of late fee is given if the return is filed on or before the specified date. However in the case of interest full waiver is given if the return is filed on or before 15 days from the due date of filing return.