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Form 1 Pendind for 2017

23 June 2018

My client missed to file his Form 1 return for entire year of 2017 but he filled his 3B without fail.Now I am filling his 2017 Form 1 in June 2018,but the portal does not ask any penalty but it shows the last date is 10 Jan 2018.Do we need to pay interest if yes when?...Is it compulsory to file form 1 now since he filled his Form 3B already...if I missed to file what will happen?

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8 Replies

Adv. Kiran Marathe (NO) (193 Points)
Replied 23 June 2018

for filling of GSTR1 you have to pay penalty for late filling ... while uploading the return gst portal will instruct you about late filling of return.

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Satheesh Kumar R (Student) (155 Points)
Replied 23 June 2018

It does not say anything...I filled Aug return in June 2018 without any interest

Adv. Kiran Marathe (NO) (193 Points)
Replied 23 June 2018

if you missed to file GSTR1 it means you are not disclosing your monthly sale done in gst regime.. and if you not filed GSTR1 in this case your buyer does not get set of on his purchase under GSTR2 ....if you try to fill gstr1 for further periods late filling fee show by gst portal

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 23 June 2018

The portal can't reflect if You are filed GSTR 1 return after the due date...

But,
You can pay Yourself with calculations...

Interest not applicable only late fee is applicable...

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Satheesh Kumar R (Student) (155 Points)
Replied 23 June 2018

Yes ...you may be correct...But honestly says I am not ready to pay since the portal is not asking the fee and the reason behind this are my calculations may wrong or govt may waive off later....and some other reason... what will happen if we Skip now?

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 23 June 2018

😊😊😊😊😊

Yes... GSTR 3B can't ask. Bcoz, It's not linked to GSTR 1...

If You skipped that's Your decision. No one can force or advice to You from here...

But,

In case it's levied/calculated after few months then it's going Big amount...

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Satheesh Kumar R (Student) (155 Points)
Replied 23 June 2018

No, the amount can not big example due date 10.06.2018 but I filled on 25.06.18 so they can charge 15 days only ....even though I want to pay after 6 months they can charge only for 15 days..Am I right?

1 Like