Taxpayers having an aggregate turnover of more than rupees 5 crores in the preceding financial year
if return for the month of May, June and July 2020 is not furnished by due date but furnished by 30th September 2020 then
Maximum Late Fess: shall be Five Hundred Rupees (250 each for CGST & SGST)
Late Fess Shall be NIL if there is No Tax Liability
Please be informed that there is no such provision capping of late fees for returns for the month of February, March and April 2020. Due date up-to which late fees was waived has already be passed.
For other class of taxpayers
Maximum Late Fess: shall be Five Hundred Rupees (250 each for CGST & SGST)
Late Fess Shall be NIL if there is No Tax Liability
Notification No. 57/2020 -Central Tax Dated 30th June, 2020
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Mr. Setia is a CA by Profession and expert in the field of Indirect Taxation Based in Delhi. Rich experience of over 5 year.