GSTR 4 LATE FEES FOR NOT FILING FY 2023- 24 GSTR4 RETURN I COMPOSITION TRADERS
The late fees for not filing GSTR-4 for FY 2023-24 are as follows:
- A maximum of Rs. 2,000 if your business is not eligible for the nil return filing benefit. This penalty is a combined maximum for CGST and SGST (Rs. 1000 each).
- A maximum of Rs. 500 if your business is eligible to file a nil return (Rs. 250 each for CGST and SGST).
It’s important to note that these are the latest levied late fees. There were previously higher penalties in place.
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