Interest on delay in gstr 3b
Vishnu Das (145 Points)
18 March 2020
do we have to compute interest seperately for cgst &sgst amount....Or on the total amount?
4 Replies
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 18 March 2020
Late fees for GSTR-3B is Rs. 20 (Rs. 10 for CGST and Rs. 10 for SGST) per day for NIL returns and Rs. 50 (Rs. 25 for CGST and Rs. 25 for SGST) in other cases
Spurto Consultancy Services
(Consultant)
(1891 Points)
Replied 18 March 2020
Late filing fee is applicable on late filing of return.
Interest is paid on the tax amount for the delayed period
CA Akshay Hiregange
(Partner - Audit & Assistance)
(4515 Points)
Replied 18 March 2020
CGST & SGST separately. Please note interest is to be calculated on net liability basis, i.e. only on cash paid (not on ITC balance). This was clarified in 39th GST Council meeting, and notifications/orders/law amendments expected for the same.
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