Missing your GST filing can lead to multiple consequences, including:
Late Fees: A penalty of ₹50 per day (₹25 CGST + ₹25 SGST) is charged, up to a maximum of ₹5,000. For nil returns, the late fee is ₹20 per day.
Interest on Tax Due: An interest of 18% per annum is levied on any unpaid tax amount.
Blocking of E-Way Bill Generation: Continued non-filing may block access to generate e-way bills.
Suspension or Cancellation of GST Registration: Repeated delays can result in suspension or cancellation of your GSTIN.
Legal Notices: The GST department may issue notices or initiate audits if non-compliance persists.
Timely filing ensures smooth business operations, avoids penalties, and maintains your compliance rating.
