WebNov 4, 2024 · Hence, late filing of GST return will have a cascading effect leading to heavy fines and penalty; The late filing fee of the GSTR-1 is populated in the liability ledger of GSTR-3B filed immediately after such delay. Interest and Late fee to be paid. Interest is 18% per annum. It has to be calculated by the taxpayer on the amount of outstanding ... WebApr 8, 2024 · Penalty for Late Filing. Filing GSTR-3B after the due date attracts both late fees and interest. The Late Fee amount will be applicable every day till the date of actual …
Late Fees Applied on GSTR-3B Filing - Masters India
WebMar 22, 2024 · The penalty for late filing of GSTR 3B for the gap between the date of submission [D1] and the date of filing [D2] will be borne by the taxpayer [22nd to 26th … WebDec 31, 2024 · No Penalty u/s 73 (11) where return FORM GSTR-3B has been filed late after the due date of filing such return – CBIC. As per section 73(11) of the CGST Act, a penalty … shelter whitefish
Government waives penalty for late filing of GST returns
WebFeb 18, 2024 · Penalties for Late Filing of GSTR 3B. If a taxpayer fails to file their GSTR 3B form on or before the due date, they will be liable to pay a late fee of Rs. 50 per day (Rs. 20 for taxpayers having nil tax liability) until the date of … WebSep 20, 2024 · After that process only, the return is accepted for filing. This penalty fee is charged as late fees and interest. Moreover, both of the foregoing penalties are incurred when a return is not filed on time. However, the GST system is now set up to only impose a late fee on GSTR-3B, GSTR-4, GSTR-5, GSTR-5A, GSTR-6, GSTR-8, GSTR-7, and GSTR-9 … WebMar 22, 2024 · The penalty for late filing of GSTR 3B for the gap between the date of submission [D1] and the date of filing [D2] will be borne by the taxpayer [22nd to 26th Sep], resulting to [4*2*100]. This gap which is being added in the return and reflecting at the GST portal is causing all the confusions. The GST provisions suggest that ‘returns ... sports medicine plymouth ma