Tax payers who have not filed GSTR-1 for the month of July 2017 may have to pay late fees aggregating to Rs. 10,000/- (Rs. 5,000/- for CGST and Rs. 5,000/- for SGST) being maximum penalty for delay in filing GST returns.
As per GST mechanism GSTR-1 can not be filed once time for filing GSTR-2 starts and GSTR-1 can only be filed after due date of filing GSTR-2 is over.
In the case of filing of July month’s GSTR-2 return, return filing was started from 11th October 2017. Due date of GSTR-2 and GSTR-3 for the month of July 2017 has further been extended. CBEC extended due dates for filing GSTR-2 and GSTR-3 upto 30th November and 11th December 2017 respectively vide Notification Number 54/2017-Central Tax dated 30-10-2017 as the GSTN system was facing numerous technical issues.
As per the GST mechanism, supplier will not be able to file GSTR-1 for July 2017 till 30th November 2017 as GSTN system does not allow filing of GSTR-1 after the due date until the cycle for GSTR-2 gets completed.
By the time GSTR-2 due date is over, late fees of Rs. 100 per day will be charged at the rate of Rs. 100/- per day subject to maximum of Rs. 5000/- for CGST and Rs. 5000/- for SGST.
Hence, maximum late fees of Rs. 10,000/- will be charged for 51 days starting from 11th October to 30th November as late fees of GSTR-1 for July month.