276. X has made supply to Y Rs 1,00,000 during the month of September. Y has filed inward supply till due date on common portal. However, X failed to file its outward supply on due date i.e., 10 October although he is willing to file the same on 11th October. Determine the late fees payable by X if he makes payment on 16 October.

As per provisio of section 37(1), registered person shall not be allowed to furnish the details of outward supplies during the period from the eleventh day to the fifteenth day of the month succeeding the tax period.

As per section 47(1), any registered person who fails to furnish the details of outward or inward supplies required under section 37 or section 38 or returns required under section 39 or section 45 by the due date shall pay a late fee of Rs 100 for every day during which such failure continues subject to a maximum amount of five thousand rupees.

Therefore, X shall be liable to pay fees Rs 500.