Can I read Late Fee Provisions under GST Act on EtoBox?
Late Fee Provisions under GST Act by rajpriyan0893 is a document available to read on EtoBox.
What is Late Fee Provisions under GST Act about?
Section 47 of the Central Goods and Services Tax Act, 2017 outlines the penalties for registered persons who fail to submit required supply details or returns by the due date. A late fee of one hundred rupees per day applies, capped at five thousand rupees, with specific provisions for returns under section 44 based on turnover. Amendments and waivers for certain taxpayers are also referenced from notifications and finance acts.
- Author
- rajpriyan0893
- Language
- EN