Can you file gstr 1 after due date?
Yes, you can file GSTR 1 after the due date, but there is cost for it. You will have to pay a late fee and interest for the delay.
The late fee for not filing GSTR 1 on or before the due
The late fee for not filing GSTR 1 on or before the due date is Rs. 200 per day of the delay (i.e., As per CGST act Rs. 100 and as per SGST act Rs. 100). It will be charged from the date after the due date.
What is rate of interest for late filling of GSTR 1 after due date?
The interest for late payment of GST is 18% per annum.
How to calculate Interest for late filling of GSTR 1?
The interest is calculated by the taxpayer on the amount of outstanding tax to be paid. The time period will be from the next day of filing to the date of payment.
