Late Fees, Interest & penalties under GST act
The late fees for late filing of GST returns shall be charged at Rs. 200 per day. Rs. 100 under CGST act and Rs. 100 under SGST act, subject to a maximum cap depending on the category of taxpayer.
Interest of Rs. 18 % per annum shall be charged on the outstanding taxes to be paid under CGST and SGST act.
Also, Penalties according to provisions of the act shall be payable according to the offences committed, if any.