late filing fee
Shiva Karnati (CA FInal) (49 Points)
18 December 2017
What is the penalty for late filing of gst return for the month of August 2017
8 Replies
CA Mayur Todmal
(Practicing CA)
(7756 Points)
Replied 18 December 2017
Late filling fees for July to Sept gstr 3b is waived
Shiva Karnati
(CA FInal)
(49 Points)
Replied 18 December 2017
Dear Sir, Maximum penalty for late filing of GSTR-3B is Rs.5,000/-. How can i bifurcate the same under CGST and SGST. My penalty for oct month of 5600/- Please explain how should i pay by bifurcating CGST and SGST?
Nikhil Bhanushali
(CA Final)
(142 Points)
Replied 18 December 2017
As there was a clarifications that the amount charged as a late fees for August Return will be waived off and no late fees will be charged for August and September month return
CA Mayur Todmal
(Practicing CA)
(7756 Points)
Replied 18 December 2017
First , please clear for which month you are talking August or October
For Aug late fees is waived. Form october onwards late fees is 50Rs per day (25/-CGST 25/- SGST) for non-nil returns
and for nil returns fees is 20/- per day.
CA Mayur Todmal
(Practicing CA)
(7756 Points)
Replied 18 December 2017
And most #important its fee not penalty. Please pay under head of fees while paying.
Shiva Karnati
(CA FInal)
(49 Points)
Replied 18 December 2017
My output GST is Rs. 11872/- and my Input GST is 29716/- for October -17 month. I am filing return today. Is t required to pay interest on output GST because of late filing eventhoug Input is available.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 18 December 2017
No...
You don't want pay interest as above conditions. Bcoz, Your Input Tax is more than Output Tax...
But, You ll be pay "Late Fee" for delayed dates...
You don't want pay interest as above conditions. Bcoz, Your Input Tax is more than Output Tax...
But, You ll be pay "Late Fee" for delayed dates...
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 18 December 2017
@ Mr. Shiva Karnati.,
On 23rd GST council meeting Dept take one of decision is reduced Late fee from Rs. 200 (100*2) to Rs. 50 / 20 (25*2 & 10*2). It's applicable from 1st October 2017...
From 1st July to 30th September the "Late Fee" is Rs. 200*. (After govt announced its waived). It's calculated CGST Rs. 5000 and SGST Rs. 5000...
In case we filed later The above said preiods (1st July to 30th September) and the GSTR 3B return. At the time of return the late fee is shown in the "Late Fee Column" then we can't escape without paid...
So, If the late fee shown in your GSTR 3B return then pay it and file your return. After you can get it as Waiver....
On 23rd GST council meeting Dept take one of decision is reduced Late fee from Rs. 200 (100*2) to Rs. 50 / 20 (25*2 & 10*2). It's applicable from 1st October 2017...
From 1st July to 30th September the "Late Fee" is Rs. 200*. (After govt announced its waived). It's calculated CGST Rs. 5000 and SGST Rs. 5000...
In case we filed later The above said preiods (1st July to 30th September) and the GSTR 3B return. At the time of return the late fee is shown in the "Late Fee Column" then we can't escape without paid...
So, If the late fee shown in your GSTR 3B return then pay it and file your return. After you can get it as Waiver....
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