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What is the maximum penalty for failure to furnish GST returns?

Practice Questions

Q1
What is the maximum penalty for failure to furnish GST returns?
  1. Rs. 5,000
  2. Rs. 10,000
  3. Rs. 25,000
  4. Rs. 50,000

Questions & Step-by-Step Solutions

What is the maximum penalty for failure to furnish GST returns?
  • 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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