Returns
Section 41 : Notice to return defaulters – Returns
June 10, 2017
Returns
Section 43 : Tax Return Preparers – Returns
June 10, 2017

Section 42 : Levy of late fee – Returns

Returns

Levy of late fee – Returns

(1) Any registered taxable person who fails to furnish the details of outward or inward supplies required under section 32 or section 33, as the case may be, or returns required under section 34 or section 40 by the due date shall be liable to pay late fee of one hundred rupees for every day during which such failure continues subject to a maximum of five thousand rupees.

(2) Any registered taxable person who fails to furnish the return required under section 39 by the due date shall be liable to a late fee of one hundred rupees for every day during which such failure continues subject to a maximum of an amount calculated at a quarter percent of his turnover in the State.

Leave a Reply

Your email address will not be published. Required fields are marked *

35 − 25 =







Want to know more about HostBooks?

We’ll help you out!