Kalyana Sundaram (61 Points)
06 April 2018
CA Naveen Chand
(Chartered Accountant)
(12734 Points)
Replied 06 April 2018
late fee for gstr 3b
late fee for gstr 1
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 06 April 2018
Nithin
(Article Assistant)
(36 Points)
Replied 06 April 2018
| Originally posted by : NAVEEN CHAND | ||
 |
late fee for gstr 3b 20 per day if return is nil 40 per day if with data late fee for gstr 1 20 per day if return is nil 50 per day if with data |
 |
How come late fee for gstr 3b, 40 per day if with data???
Its 50 per day for both gstr1 and gstr3b
CA Naveen Chand
(Chartered Accountant)
(12734 Points)
Replied 06 April 2018
| Originally posted by : Nithin | ||
|
Originally posted by : NAVEEN CHAND late fee for gstr 3b 20 per day if return is nil 40 per day if with data late fee for gstr 1 20 per day if return is nil 50 per day if with data How come late fee for gstr 3b, 40 per day if with data??? Its 50 per day for both gstr1 and gstr3b |
|
yes agred it is 50 not 40
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 06 April 2018
The government has reduced the late fees for GSTR-1, GSTR-3B(October 2017 onwards), GSTR-4, GSTR-5, GSTR-5A and GSTR-6 as follows (until further notifications late fees will remain the same):
If GST is not paid within the due dates of filing return Interest at following rates has to be paid:
| Particulars | Interest |
| Tax paid after due date | 18% p.a. |
| Excess ITC Claimed or excess reduction in Output Tax | 24% p.a. |
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