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late fee clarification

30 July 2019

Does the late fee on default of filing GSTR 3B considered based on tax liability or taxable services for classifying the late fee under Rs.50/10

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7 Replies

CA PREM KUMAR (Chunduru & Co) (296 Points)
Replied 30 July 2019

at the rate of cgst 25 per day and sgst 25 per day

regards

prem

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 30 July 2019

(late fee under Rs.50/10**)

Yes... If nil return then Rs 20 (CGST Rs 10 & SGST Rs 10)

If other than Nil Return (transactioned return) Rs 50 (CGST Rs 25 & SGST Rs 25)

Ravi SADhiyan (Practice) (4510 Points)
Replied 30 July 2019

Originally posted by : Sathish Jai
	Does the late fee on default of filing GSTR 3B considered based on tax liability or taxable services for classifying the late fee under Rs.50/10

Nill Return - Rs. 20

Taxable Service Rs. 50

Sathish Jai (3 Points)
Replied 30 July 2019

what if the entire services provided by the service provider is taxable under reverse charge and tax liability payable by the service provider is nil. Then late fee would be RS.20 or Rs.50 ?

Shivam RC (Student) (23683 Points)
Replied 30 July 2019

Nil Return : Rs. 20 per day [ Rs. 10 per day per Act ].

Return with Tax Liability: Rs. 50 per day [ Rs. 25 per day per Act ].

Warm Regards.

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subhagan sreerangam (7056 Points)
Replied 30 July 2019

Late fee rate discussed below Nil return ₹ 10+₹10=₹20 each in CGST& SGST and Transaction return ₹25+₹25=₹50 each in CGST& SGST.

chaithanya (Chartered Accountant) (29 Points)
Replied 31 July 2019

It is Rs. 50 only as it is not nil return. Please note that even if any liability of late filing fee arises in any month, then it is not nil return. Nil return shouldn't contain any financial value at all including GST liability(RCM liability also), ITC, interest or late filing fee, Outward/Inward exempted supply.