RETURN PENALTIES
Vijay Baraiya (Advocate) (271 Points)
28 May 2018
What is penalty of GSTR-1 and GSTR-3B ?
5 Replies
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 28 May 2018
50/- per day for GSTr1
20/- per day for 3b (nil return)
50/- per day for 3b
20/- per day for 3b (nil return)
50/- per day for 3b
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 28 May 2018
First no more penalty levied for late filing of GST return. It is called "LATE FEE" and in the challan it's also "FEE"...
Late Fee is applicable for GSTR 3B and GSTR 1* returns of we filed after due date...
For both (GSTR 3B and GSTR 1) returns late fee as following...
If Nil Return - Rs 20 (CGST Rs 10 and SGST Rs 10)
Other than Nil return Rs 50 (CGST Rs 25 and SGST Rs 25)
Note:
In current situation GSTR 1 return's late fee not imposed...
Late Fee is applicable for GSTR 3B and GSTR 1* returns of we filed after due date...
For both (GSTR 3B and GSTR 1) returns late fee as following...
If Nil Return - Rs 20 (CGST Rs 10 and SGST Rs 10)
Other than Nil return Rs 50 (CGST Rs 25 and SGST Rs 25)
Note:
In current situation GSTR 1 return's late fee not imposed...
Subhkaran Surana
(343 Points)
Replied 28 May 2018
As per section 47,
Periodical return,
Min 100/per day
Max 5000
Annual return,
Min 100/ per day
Max 0.25% of the turnover
Periodical return,
Min 100/per day
Max 5000
Annual return,
Min 100/ per day
Max 0.25% of the turnover
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