Tag: gst itc penalty

Complete Guide to GST Penalty Rules and Late Fees in India: Detailed Breakdown of Non-Compliance Charges, Interest Calculations, and Government Regulations for Businesses

Nov 15, 2025

—

by

Himanshu

in Economic News, Finance and Accounting

Goods and Services Tax (GST) has transformed the indirect tax structure in India by creating a unified system for businesses across sectors. While GST aims to simplify taxation, non-compliance attracts penalties, interest, and late fees that can significantly impact businesses of any size. Many taxpayers face notices, financial loss, and compliance hurdles due to a…