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What is the maximum penalty for failure to furnish GST returns?
What is the maximum penalty for failure to furnish GST returns?
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Practice Questions
1 question
Q1
What is the maximum penalty for failure to furnish GST returns?
Rs. 5,000
Rs. 10,000
Rs. 25,000
Rs. 50,000
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The maximum penalty for failure to furnish GST returns is Rs. 25,000.
Questions & Step-by-step Solutions
1 item
Q
Q: What is the maximum penalty for failure to furnish GST returns?
Solution:
The maximum penalty for failure to furnish GST returns is Rs. 25,000.
Steps: 5
Show Steps
Step 1: Understand what GST is.
Step 2: Know what GST returns are.
Step 3: Recognize the importance of filing GST returns.
Step 4: Learn about penalties for not filing.
Step 5: Find out the maximum penalty amount.
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