Dear Sir/Madam, GSTR3B late filing fees in waiever in any provision
GSTR3B not filing from July 2017 return is nil return. In case is Maximum Penalty is Rs 10000(CGST 5000 & SGST 5000) from October 2017 in any waiver provision or case law
Late fees ws waived till GSTR 3B filing for Sept 2017, then onward for nil return the penalty is 20 Rs per day per act and Rs 50 if the other case per day per act, maximum Rs 5000. There is no late fee on IGST.
If Nil Return - Rs 20 per day for both acts (CGST Rs 10 and SGST Rs 10)
Other than Nil return Rs 50 per day for both the acts (CGST Rs 25 and SGST Rs 25) And subject to a maximum of Rs. 10,000/-(both acts) , from the given due date to the actual date when the returns are finally filed.
According to the GST Penalty regulations, an interest will be charged at the rate of 18 percent per annum from the taxpayers who fail to pay their taxes on time. The interest will be levied for the days after the due date.
in many people's cases returns were not filed because of technical problem and now if they want to file return there is heavy penalty Govt should come with one penalty waiver scheme which will enable GST execution more smooth
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