Penalty on Late Filing of NIL GST Return

Save Share

This query is : Resolved

Quick Summary

This discussion clarifies the penalties for late filing of NIL GST returns (GSTR-1 and GSTR-3B) between April 2020 and March 2021. For nil returns, the maximum late fee is capped at £500 per return (£250 for CGST and £250 for SGST). If your turnover exceeds £5 crore, the maximum late fee could be £10,000 (£5,000 for CGST and £5,000 for SGST).

Pradeep Kumar

Pradeep Kumar (Querist)
Follow

25 June 2021 If somebody has not filed the NIL GST return from 01-April-2020 to 31-Mar-2021 then what will be Penalty on late filing or late fee could be waived off. Kindly help.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

25 June 2021 In case of nil GSTR-1 and GSTR-3B filing, the maximum late fee charged shall be capped at Rs.500 per return (i.e Rs. 250 each for CGST & SGST). ... If the turnover is more than Rs.5 crore then late fee of maximum Rs.10,000 (i.e Rs. 5000 per CGST and SGST) can be charged.