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Asked by namish on :Jul. 19, 2018

I made a default in filing the GST returns, and i…

I made a default in filing the GST returns, and it’s too late to revise it now. However, there is n…

I made a default in filing the GST returns, and it’s too late to revise it now. However, there is no separate penalty for my contraventions in the CGST act. Will I be liable to pay penalties on the amount?

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Chiranjibi Jul. 19, 2018

There is a section 125 in the CGST act which deals in all contraventions not otherwise covered by any other section of the act. The penalty can be up to Rs. 25,000/=.

So, you may be liable to pay penalties. However, a show cause notice will be sent to you before levying such penalty.

If you receive the notice, you need to pay the penalties.

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