Penalty/ Interest on AUGUST GSTR3B?
Mohammed Goryawala (727 Points)
06 October 2017Earlier govt had told that it won't charge any penalty for July and August.
Does the same apply now?
Thanks!
Mohammed Goryawala (727 Points)
06 October 2017
Pankaj Khandelwal
(11 Points)
Replied 06 October 2017
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 06 October 2017
Penalty is not atracted for Late Filing. Also we file later then we pay Late FEE. Also somebodys are wrongly said its Penalty...
Also August 3B late fee is Waiver* from GSTN. So, Late fee not atracted...
Interest ll be atracted for late payment. It's calculated as Follows
Interest = Payable Liability (X) 18% ( / ) 365 Days (X) No.of Delayed Days...