Sir/Mam,
If quarterly GSTR-1 for June’2020 quarter is filed on 6-8-20, then applicable late fees will be as per the following provision — ??
The per day late fee for filing of GSTR-1 was reduced vide Notification No. 4/2018-Central Tax, dated 23.01.2018 , to Rs 10 per day (each for CGST and SGST Act) for NIL tax return , and others Rs 25 per day (each for CGST and SGST) subject to maximum of Rs 5000/-(each for CGST and SGST).
2) For the month of April’2020, there was NIL Sales in GSTR-1. For May’20 also there was NIL Sales. For June’2020 there was Sales of Rs 1 lacs.
Due date to file GSTR-1 for June quarter was 31/7/20. It was extended to 3.8.20 due to Covid. I filed GSTR-1 on 6-8-20.
Query- As GSTR-1 has been filed late, then Late fees to be paid as per above provisions will be-
CGST – Rs 125 [Rs 25 per day * 5 days (delay from 1-8 to 5-8)] , SGST – Rs 125 (Rs 25 per day * 5 days (delay from 1-8 to 5-8).
Whether above calculation is correct ??
So, Total Late fees = 250 .
Thanks..
