Is late fee same as a penalty for the late filing of GST-return?
Is late fee same as a penalty for the late filing of GST-return?
Jeeba Jul. 28, 2018
No
The nature of Late fees is a penalty only. Sometimes, we use the terms late fees and penalty interchangeably. But tax department has broken down penalty into “Late fees” and “Penalty”. So it can not be said that late fees and penalty are the same.
You will be liable for a late fee instead of penalty in case of late filing of GST return
