Fees, Penalties and Prosecution under the GST Law

Late fees

S. No.Failure to furnishFailure under SectionDue dateLate fee under SectionAmount of late fee
1Details of outward suppliesSection 2510th of the succeeding monthSection 33Rs. 100/day
Max. Rs. 5000/-
2Details of inward suppliesSection 2615th of the succeeding monthSection 33Rs. 100/day
Max. Rs. 5000/-
3ReturnSection 2720th of the succeeding monthSection 33Rs. 100/day
Max. Rs. 5000/-
4Final ReturnSection 313 months from date of cancellation of registration or cancellation order, whichever is earlierSection 33Rs. 100/day
Max. Rs. 5000/-
5Annual ReturnSection 3031st December following the end of such FYSection 33Rs. 100/day
Max. 0.25% of aggregate turnover
6First ReturnSection 27AUnknownSection 118Rs. 100/day
7TDS CertificateSection 37(3)5 days of crediting the amount deducted to the appropriate GovernmentSection 37(4)Rs. 100/day
Max. Rs. 5000/-

Penalties

S. No.Failure to furnishFailure under SectionDue dateLate fee under SectionAmount of late fee
1Details of outward suppliesSection 2510th of the succeeding monthSection 33Rs. 100/day
Max. Rs. 5000/-
2Details of inward suppliesSection 2615th of the succeeding monthSection 33Rs. 100/day
Max. Rs. 5000/-
3ReturnSection 2720th of the succeeding monthSection 33Rs. 100/day
Max. Rs. 5000/-
4Final ReturnSection 313 months from date of cancellation of registration or cancellation order, whichever is earlierSection 33Rs. 100/day
Max. Rs. 5000/-
5Annual ReturnSection 3031st December following the end of such FYSection 33Rs. 100/day
Max. 0.25% of aggregate turnover
6First ReturnSection 27AUnknownSection 118Rs. 100/day
7TDS CertificateSection 37(3)5 days of crediting the amount deducted to the appropriate GovernmentSection 37(4)Rs. 100/day
Max. Rs. 5000/-

Prosecution

S. No.EventSectionProvision
1List in Section 73(1)Section 73(1)Amount of tax evaded > Rs. 250 lakhs: Imprisonment upto five years and fine
Amount of tax evaded > Rs. 50 lakhs < Rs. 250 lakhs: Imprisonment upto 3 years + fine
Amount of tax evaded > Rs. 20 lakhs < Rs. 50 lakhs: Imprisonment upto 1 year and fine
Not less than 6 months as per Proviso Section 73(2)
2Second or subsequent conviction under Section 73(1)Section 73(2)Imprisonment upto 5 years and fine
Not less than 6 months as per Proviso Section 73(2)
3Disclosure of information connected with collection of statistics under Section 119Section 120(4)Imprisonment upto 6 months or fine upto Rs. 1000 or both
4Disclosure of information obtained from public officers by GST officerSection 126(3)Imprisonment upto 6 months or fine or both