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penalty for late filing of GSTR 3B

Rishabh Mookim (18 Points)

16 August 2017

is there any penalty on late filing of GSTR 3B for the month of july?

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7 Replies

CA Sathish Reddy (Articles) (352 Points)
Replied 16 August 2017

Yes applicable as provisioned in the GST ACT

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Chhatra Singh Dugar (1464 Points)
Replied 16 August 2017

You are liable for Rs 100/ penalty per day maximum up to 5000/
Interest 18% will be charged on the tax due.
You will not be allowed to file GSTR 1,2&3

C R RADHAKRISHNAN (ACCOUNTANT) (210 Points)
Replied 18 August 2017

MADAP KEEPER CHARGES IS TAXABLE AT WHAT % AND SAC CODE

SOWMYA (STUDENT) (24 Points)
Replied 19 August 2017

YES, WE HAVE BOTH LATE FEE AND INTEREST FOR LATE FILING.

LATE FEE IS Rs.100 per Day from the due date of filing i.e.,20th August and maximum upto Rs.5000.

PENALTY IS 18% per Annum on the tax amount.

C R RADHAKRISHNAN (ACCOUNTANT) (210 Points)
Replied 19 August 2017

MANDAPKEEPER SAC CODE

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SOWMYA (STUDENT) (24 Points)
Replied 21 August 2017

SERVICES AND THEIR CODES

TAX COLLECTION ACCOUNTING CODE FOR MANDAP KEEPER SERVICES IS 00440035

INTEREST/ PENALTY ACCOUNTING CODE IS 00440036

A LIST OF SAC CODES ARE PROVIDED IN THE BELOW LINK

https://centralexcisechennai.gov.in

Arpita (GST Expert) (47 Points)
Replied 16 October 2017

Filing GSTR-3B is mandatory. Even if a business has no transactions during a month, it will still have to file a nil return.

Interest @ 18% per annum is payable. It has to be calculated by the taxpayer on the amount of outstanding tax to be paid. The time period will be from the next day of due date for filing to the date of payment.

Late fees of Rs. 200 per day is to be paid for non-filing of GSTR-3B (Rs. 100 for IGST & SGST each)

To know more about GSTR 3B Penalties, visit this page on GSTR 3B.