If taxpayer does not file Form CMP-08 on or before due date, he is liable to pay a late fee. If there are no transactions in return period, taxpayer should file a NIL Return to avoid late fee and penalty.
- Late fee is calculated from date after due date up to date of filing of return
- Late fee of current return is payable when taxpayer files CMP-08 for next return period
- If CMP-08 for a quarter is not filed, it cannot be filed for next quarter too
- Late Fee of Rs.200 (CGST Rs.100 and SGST Rs.100) per day of delay is applicable. Maximum late fee that can be charged is Rs.5000 per return