Consequences of non filing of GSTR1 on or before due date

Consequences of non filing of GSTR1 on or before due date

According the Goods and Services Act, 2017 there is penalty provision for non filing of GSTR 1 on or before due date so that all taxpayer can file GSTR 1  on time.

Notification No. 74/2019 – Central Tax dated 26th December,2019

(deemed to have come into force with effect from the 19th day of December, 2019)
• Amends the Notification No. 4/2018 – Central Tax dated 23rd January, 2018
• Late fee payable under section 47 of the CGST Act shall stand waived for the registered persons who failed to furnish the details of outward supplies in FORM GSTR-1 for the months/quarters from July, 2017 to November, 2019 by the due date but furnishes the same in FORM GSTR-1 between the
period from 19th December, 2019 to 10th January, 2020.

Late Fees for GSTR-1

Rs.50 per day

Rs.20 Per day where there are no outward supplies in any month/ quarter

subject to a maximum amount of Ten thousand rupees

 Second consequance is

If any taxpayer does no file GSTR 1 on or before due date purchaser will not bale to take  Input Tax Credit in same month or quarter, in such case purchaser’s  need to pay equivanent amount in cash.


Third Cconsequance is

The Government  block  E-way bill facility.

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