As of today, is there any maximum limit for late fee to be paid on gstr 3b?
2 Replies
CS AYUSH SINGHAL
(CS)
(26 Points)
Replied 20 April 2022
As per Notification No 19/2021 CGST dated 01.06.2021, the maximum amount for late fee to be paid on GSTR3B is as follows:
1. In case of NIL GSTR-3B filing, the maximum late fee charged shall be capped at Rs.500 per return (i.e Rs. 250 each for CGST & SGST).
2. In case of GSTR-3B other than NIL filing, maximum late fee is fixed based on annual turnover slab, as follows:
(a) If the annual turnover in the previous financial year is upto Rs.1.5 crore then the late fee of maximum Rs 2,000 per return can only be charged (i.e Rs.1000 each for CGST and SGST).
(b) If the turnover ranges between Rs.1.5 crore and Rs.5 crore then the maximum late fee of Rs.5,000 per return can only be charged (i.e Rs. 2500 each for CGST and SGST).
(c) If the turnover is more than Rs.5 crore then late fee of maximum Rs.10,000 (i.e Rs. 5000 per CGST and SGST) can be charged.
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