gstr 3b return, Goods and Services Tax - GST

[pawan singhal]

is there any late filing fees for gstr 3b.... or any intrest liability on late payment of tax. if we not filed gstr 3b what will be consequence.

Posts / Replies

[HimansuSekhar Sha]

In the return itself, there is a provision for late fee.

[pawan singhal]

But earlier in rule itself written there is no late fees and penalty for first two month means for 3b return

[Vamsi Krishna]

As per the FAQ's as answered by Shashi Bhushan (VP of GSTN) in the webinar held last week,

Rs.100 per day Penalty is there upto a maximum of ₹ 5000.

Further you have to pay interest on both your Outward supplies & the Inward supplies ..

[KASTURI SETHI]

There is late fee for such delay but Govt. has decided to be soft for two months so that the assessee should be able to under GST law. That is why dates of all returns for GST have been extended. The extension of dates is relief but it does mean it should be misused. Returns should be filed before the lapse of revised dates.