i want to file GST returns(GSTR-3B) from june 2019 to july 2020. My query is. late fees 500/-per return or per month? Total turnover 15 lakhs.
Say, June-2019:
i)500/-per return(total june month) OR
ii) 500/-*13 Months=6500/-
7 Replies
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 06 August 2020
Rs.500 late fee is for per return per month basis.
like for june, 2019....500,
For July 2019...500
For August 2019...500
and if you have Nil retuen in any month than for that month late fee is NIL(Zero) instend of 500.
like for june, 2019....500,
For July 2019...500
For August 2019...500
and if you have Nil retuen in any month than for that month late fee is NIL(Zero) instend of 500.
tds files
(179 Points)
Replied 06 August 2020
Ok sir.
Thats means
Total 13 months june 19 to july 20.
13*500=6500/- total late fees?
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 06 August 2020
June 2019 to July 2020
total 14 months
So, 14*500= 7000 total
but if you have Nil return in any month than for that month late fee is NIL(Zero).
total 14 months
So, 14*500= 7000 total
but if you have Nil return in any month than for that month late fee is NIL(Zero).
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 06 August 2020
Most welcome,..................
venkata krishna reddy
(chartered accountant)
(792 Points)
Replied 08 August 2020
500/- per each month separately. Total 14 months and total amount 14000/-
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