Late filing of GSTR3B FOR March20

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Anil Bhawasinka (Querist)

08 May 2020 I have to file GSTR3B FOR MARCH 20 now with some tax liability. What panalty and interest I have to pay for this late filing and payment of tax due

CA Ronak Doshi

CA Ronak Doshi (Expert)

08 May 2020 1. As per notification No. 31/2020- Central Tax, dated 03.04.2020, NIL rate of interest for first 15 days after the due date of filing return in FORM GSTR-3B and reduced rate of interest @ 9% thereafter has been notified for those registered persons whose aggregate turnover in the preceding financial year is above Rs. 5 Crore. For those registered
persons having turnover up to Rs. 5 Crore in the preceding financial year, NIL rate of interest has also been notified.
2. Further, vide notification as per the notification No. 32/2020- Central Tax, dated 03.04.2020, Government has waived the late fees for delay in furnishing the return in
FORM GSTR-3B for the months of March and April, 2020.
3. The lower rate of interest and waiver of late fee would be available only if due tax is paid by filing return in FORM GSTR-3B by the dates as specified in the Notification.

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