GSTR 1 - Option Expired

Return 809 views 2 replies
User Avatar

Account Manager
23 Points Joined January 2021

Hello Everyone, 

Please help me with some insights on below question:

I missed to File the GSTR3B for Sept'24 and accordingly couldn't file the GSTR 1 for Oct'24 on time, and now it's showing as "Option Expired - NA" but system allowed me to file the GSTR1 for Nov'24.

How can I file the GSTR 1 for Oct and this will impact on what ?

Regards,

0 Reply Share Follow
On 13 December 2024 at 18:06 Report
Replies (2)
User Avatar

Master in Accounts & high court Advocate
9456 Points Joined December 2011

Missing the deadline for filing GSTR-3B and GSTR-1 can be stressful.

 To file the overdue GSTR-1 for October, you'll need to wait for the GST portal to allow you to file it.

Since the system has already allowed you to file the GSTR-1 for November, you can try the following: -

 *Contact the GST Helpdesk*: Reach out to the GST helpdesk to report the issue and request their assistance in filing the overdue GSTR-1 for October.¹

 - *File a Late Fee Waiver Application*: If you're unable to file the GSTR-1 for October due to technical issues, you can submit a late fee waiver application to the GST authorities.²

 

- *Consult a GST Professional*: If you're unsure about the process or need guidance, consider consulting a GST professional who can help you navigate the situation.

The overdue filing of GSTR-1 for October may : -

 *Late Fee Penalties*: You may be liable for late fee penalties, which can range from ₹50 to ₹200 per day, depending on the GST laws applicable to your business. - *Interest on Tax Liability*:

 If you have a tax liability for October, you may be required to pay interest on the overdue amount. - *Compliance Rating*:

 Your GST compliance rating may be affected due to the overdue filing. To avoid similar issues in the future, ensure you keep track of the GST filing deadlines and submit your returns on time.

Reply
On 13 December 2024 at 19:09
User Avatar

Account Manager
23 Points Joined January 2021

Thanks a lot Mr. Rama Chary Rachakonda !!

 

Reply
On 13 December 2024 at 19:45


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading