Master TDS & TCS Provisions with Critical Issues. Register Now!

Late fees on monthly gstr1

pramod jayram raut (Accountant) (94 Points)

11 January 2022

in a monthly gstr1 late fees applicable or not?

Reply
Follow
Share

3 Replies

Tanuj Chandra Saxenaa (Company Secretary) (7075 Points)
Replied 11 January 2022

Yes Late fees will be levied on Gstr1

As per the GST law, a late fee for not filing GSTR-1 is Rs. 200 per day of delay (Rs. 100 as per the CGST Act and Rs. 100 as per SGST Act). The late fee will be charged from the date after the due date.

However, after going through the notifications issued up to February 2021, the late fees continue to be levied at a reduced fee of Rs. 50 per day and Rs 20 per day (for nil return).

Please Note that on the GST portal, the late fee on GSTR-1 is currently not being demanded as a part of payment challan in PMT-06 at the time of filing GSTR-3B.

As per CGST notification 20/2021 dated 1st June 2021, the maximum late fee chargeable from the period of June 2021 onwards.

Registered persons having no outward supplies in the tax period are liable to a maximum late fee of Rs.500 (Rs.250 per Act).
Whereas, registered persons having a total turnover of up to Rs.1.5 crore in the preceding financial year, other than the nil filers are liable to a maximum late fee of Rs.2,000 (Rs.1,000 per Act).
On the other hand, the registered persons having an aggregate annual turnover of more than Rs.1.5 crore but up to Rs.5 crore in the preceding financial year, other than the nil filers can be charged a maximum late fee of Rs. 5,000 (Rs.2,500 per Act).

There is no change in maximum late fee for taxpayers with total turnover more than Rs.5 crore and it remains Rs.10,000. However, the deptt may raise a notice demanding late fee for the period of delay at the time of assessment of returns.

2 Like

Upgrade to CAclubindia Pro. Subscribe Now!

pramod jayram raut (Accountant) (94 Points)
Replied 13 January 2022

@ Tanuj sir,
if gst user turnover below 1.5 cr but they filed in dec 21 month monthly gstr1 after due date but gstr3b filed within time.
in this case late fee applicable.

Nidhi (Chief Accountant) (3150 Points)
Replied 14 January 2022

You are liable to pay late fee on late filing of GSTR 1 w.e.f July 17 itself.
But till Dec, 21 it's not auto calculated by portal,
Now, from Jan Return and onward it's auto calculate, as like GSTR 3B