Hi, I am trying to file GSTR-3B for the months Sept 2017 -Feb 2018 , but the late fee liability ( @ 50/day) exceeds the amount of
tax payable. Is the following calculation for late fee correct?
.
Thanks in advance
2 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 16 March 2018
Dear Rishabh.,
Late Fee is not based on Your Tax Liability. It's only for delaying late of Return Filing. So, Don't be compare both value.
In case you dont have any liabilities, But the late fee is same as above if you are not filed. Your late Fee calculations are exactly correct. Go to pay and File Your return...
Note : Interest will payable for Your outstanding Liability...
GOOD LUCK
Late Fee is not based on Your Tax Liability. It's only for delaying late of Return Filing. So, Don't be compare both value.
In case you dont have any liabilities, But the late fee is same as above if you are not filed. Your late Fee calculations are exactly correct. Go to pay and File Your return...
Note : Interest will payable for Your outstanding Liability...
GOOD LUCK
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