Interest & Penalty for late payment of GST, non filling of 3B

This query is : Open

Santosh Dandekar (Querist)
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24 August 2017 I want to know the interest , if GST paid after due date. If I file form 3B for the month of July after 25 August?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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25 August 2017 Interest on late Deposit @ 18% calculated from Due Date of payment to Actual Date of Payment.

Section 47 of the Central Goods & Service Tax Act 2017 provides for late filing fees of Rs 100 per day subject to maximum of Rs 5000/-.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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01 September 2017 Update: CBEC via Notification No.28 /2017 – Central Tax dated 01st September, 2017 have waived the late fee payable under section 47 of the said Act, for all registered persons who failed to furnish the return in FORM GSTR-3B for the month of July 2017 by the due date.

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Santosh Dandekar

Santosh Dandekar (Querist)
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02 September 2017 thank you sir

Santosh Dandekar

Santosh Dandekar (Querist)
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02 September 2017 should a dealer can eligible a setoff of CGST & SGST of local purchase against oms supply (against IGST)