GSTZen

Consequences of Non-Compliance

1) Non-Filing of the Return’s:

a. Last fee of Rs.100 per day per Act

b. Maximum late fee would be Rs.5000 per month

2) Late payment of Tax Deducted

a. Interest to be paid @18% per annum

3) Deducted but Not paid: Deposited can be assed under sec 73 and 74 of the act for the penal provisions on evasion of taxes.