20 January 2021
NOW MY QUESTION IS HOW TO PAY LATE OF OF RS.200 PER DAY FOR DELAY IN FILING OF ANNUAL RETURN 18-19. WETHER IT IS PAID IN GST 3B OR DRC-03 PLEASE ANY BODY KNOW ???? AND ANOTHER QUESTION IS WETHER SUCH LATE FEE IS APPLICABLE FOR INTEREST@18% OR NOT??? PLEASE HELP ME HOW TO PAY THE LATE FEE APPLICABLE FROM 1.1.2021 FOR GST ANNUAL RETURN 18-19 DELAYED FILING.
06 July 2024
To pay the late fee for delayed filing of GST annual return for the year 2018-19 (applicable from 1st January 2021 onwards), here's the process you should follow:
1. **Identification of Late Fee Amount**: - Calculate the total late fee applicable for the delayed filing. As of January 2021, the late fee for delayed filing of GSTR-9 and GSTR-9C was Rs. 200 per day (Rs. 100 under CGST and Rs. 100 under SGST) up to a maximum of 0.25% of turnover in the respective state or union territory.
2. **Mode of Payment**: - The late fee for delayed filing of GST annual return (GSTR-9) is paid through Form DRC-03 on the GST portal. Form DRC-03 is used for voluntary payment towards tax, interest, penalty, or any other amount. - Log in to the GST portal (www.gst.gov.in) using your credentials.
3. **Steps to Pay Late Fee through DRC-03**: - Navigate to the "Services" > "Payments" > "Generate Challan" section on the GST portal. - Select "DRC-03 - Payment on Voluntary Basis" as the payment type. - Enter the details such as GSTIN, name, address, amount (late fee amount), and reason for payment (late fee for delayed filing of GSTR-9 for the year 2018-19). - Generate the challan and proceed to make the payment using online banking, credit/debit card, or any other available payment method.
4. **Interest on Late Fee**: - As of my last update, there is no specific provision for interest on late fee under GST. Late fee is charged separately and is not compounded with interest. - However, it's advisable to check the latest notifications or circulars issued by the GST department to confirm if there have been any updates regarding interest on late fee.
5. **Documentation and Compliance**: - After making the payment, ensure to download and keep the challan/receipt generated as proof of payment. - Maintain records for future reference and for audit purposes.
For precise guidance tailored to your specific situation, consider consulting with a GST practitioner or tax advisor who can provide up-to-date information and assist you with the process of paying the late fee for delayed filing of GST annual return (GSTR-9) for the year 2018-19.
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