Penalty for Nonfiling of GST return (GSTR 1 and GSTR 2) – Late fees for not filing of outward and inward return

By Paras Mehra September 6, 2017

If any registered person fails to furnish details of outward or inward supplies of return before the due date then he shall be liable to pay the penalty (late fees) of Rs.200 per day subject to a maximum of Rs.10,000/-.

Penalty on late GST registration or failure to take GST registration in India – Penalty for non-GST registration

By Paras Mehra September 6, 2017

As per GST act, there is no direct penalty for failure to take GST registration in India. However, there is an indirect penalty which shall be levied if any person fails to take GST registration. The maximum penalty that can be levied in this case is 25K.

Penalty for nonpayment of GST or Input Credit wrongly availed or utilized under GST by way of fraud or otherwise

By Paras Mehra September 6, 2017

This is one of the most discussed penalties under the GST law because it shall be levied in every case where tax is not paid or short paid. Section 73 and section 74 of CGST act governs this penalty.

Penalty for wrong issuance of invoice under GST – Penalty for raising incorrect invoices under GST

By Paras Mehra September 6, 2017

Issuing the correct invoice in consonance with the GST rules is the most important thing in GST. This is because everything under GST like return filing, tax payment is dependent upon invoices.