Gstr3b ;late fee

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 September 2018 HELO,
Please tell whether is there any maximum limit on late fee calculation in GST.
Some of my GSTR are pending to be filed since last year. Somewhere i read that there is max 5000 late fee, but system is auto calculating more then 5000 rupees for one GSTR.
Kindly help someone pls and share notification if its available.

Thanking You

CA Anita Bhadra

CA Anita Bhadra (Expert)

05 September 2018 Section 47 of GST Act 2017 - Any registered person who fails to furnish the details of outward or inward supplies required under section 37 or section 38 or returns required under section 39 or section 45 by the due date shall pay a late fee of one hundred rupees for every day during which such failure continues subject to a maximum amount of five thousand rupees

CA Anita Bhadra

CA Anita Bhadra (Expert)

05 September 2018 The Central Board of Indirect Taxes and Customs (“CBIC”) has issued a Notification No. 41/2018 – Central Tax dated September 04, 2018, which waives-off the late fees for the following taxpayers. The gist of the aforesaid notification is as under for the ease of understanding:

Taxpayers who have submitted their GSTR-3B but not able to file their return on GST portal, after generation of the application reference number for the month of October 2017.

Shan

Shan (Querist)

05 September 2018 please tell me particularly about gstr3b, its pending since last year, and if late fee max is 5000 why gst portal is calculating above 5000 inr. Is there any solution to this. thanks

CA Anita Bhadra

CA Anita Bhadra (Expert)

05 September 2018 Its total Rs 10000/- ( Rs 5000/- CGST & Rs 5000/- IGST )

Shan

Shan (Querist)

05 September 2018 okay, thank you very, will try to calculate and verify like this now.

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)

30 October 2026 Under current rules the GSTR-3B late fee is Rs 50/day (Rs 20 for nil returns), capped at Rs 500 for nil returns and Rs 2,000, 5,000 or 10,000 depending on turnover, as CGST plus SGST, not IGST; returns cannot be filed after 3 years from their due date.

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