In case the taxpayer fails to file the GST returns within the specified date provided by the GST department, then taxpayer has to pay late fee along with interest @18%. The late fee will be Rs.20 per day if it is NIL return or else Rs 50 will be levied if you fail to furnish the return within specified date. Thus, it will come around Rs.25 under the CGST and again Rs.25 under the SGST. The total amount to be paid will be Rs.50 per day. The maximum late fee can be Rs.5000. The IGST do not charge any late fees.

No. In the North-Eastern states of India, the GST limit comes to INR 20 lakh for all types of businesses. In states like Meghalaya, Assam, Nagaland, Mizoram, Tripura, and Arunachal Pradesh; the GST limit is INR 10 lakhs.

Yes. GST is mandatory for all types of business identities. It applies to every kind of traders, manufacturers, and providers. It can also extend to writers, bloggers and dealers who have obtained registration for the creative works.

GST Rates have been structures on four tires as 5%, 12%, 18% and 28%, which also depends on the form of goods and services. Currently, no rate has been assigned to gold.

Here, ‘IN’ stands for Identification Number which is given to each GST Taxpayer and can be verified by logging into GST portal. A format is followed in creation of 15-digit GST Identification number as follows- first two digit contains state code (07 for Delhi), followed by 10-digit PAN number of taxpayer, 13th digit is specified according to number of registrations in state, 14th digit is ‘Z’ by default and the last digit always ends up with an alphabet which serves as a check code.

One identical GST return filing form can be used for filing SGST, CGST, and IGST. In this form, there are different columns for each one of these categories and it will have to be filled based on the type of business.

On the recommendations of the GST Council, a new scheme of Quarterly Returns with Monthly Payments (QRMP) will be introduced from 1st January 2021. Under this scheme, taxpayers with upto Rs. 5 Crores Aggregate Annual Turnover (AATO) in the previous and the current financial year would be given an option to file their Return/Statement in Form GSTR-1 and Form GSTR-3B Quarterly with a simple payment challan for the first two months of the quarter.

Yes. Any taxpayer can apply for online GST Return Filing in Digital Filings. Our GST experts here will completely guide you regarding the process.