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late fees for gstr3b

Dipesh Sharma (36 Points)

18 September 2018

gstr3b late fee is 25/25 but , maximum penalty is 5000 rupees tak hi hai kya

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Vinod Babu (24191 Points)
Replied 18 September 2018

If taxpayers do not file their returns within a specified due dates mentioned, he is obliged to pay a late fee of Rs. 50/day i.e. Rs. 25 per day in each case of CGST and SGST (in case of any tax liability) and Rs. 20/day i.e. Rs. 10/- day in each CGST and SGST (in case of Nil tax liability) 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.