Dear Frds/ Experts,
Plz kindly let me know the late fees and interest for the below case:-
case: due date of filing Gstr 3BQ is 22nd Oct'2021. Turnover is below 1.5 Cr. Payment made, but not filed.
Thanks in adv / Maya.
5 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 26 October 2021
Maximum late fee is reduced. For nil filers, it is fixed at Rs.500 per return. For the rest, it is fixed as per turnover slabs, explained in the above section.
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 26 October 2021
Late fees is Rs. 50 per day upto Rs. 2000 in your case.
As far as interest is concerned if you have offset the liability then no interest otherwise interest @ 18% on cash portion will be applicable.
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