REG LATE FEES FOR GSTR3B IF RETURN NOT FILE FROM SEP-2018
This query is : Resolved
Quick Summary
16 February 2021
Late fee capped at Rs. 500/- for each GSTR-3B Return
In a major relief to the GST taxpayers. the government has decided to cap the maximum late fee for Form GSTR-3B at Rs. 500/- (five hundred only) per return for the tax period July 2017 to July 2020 subject to the condition that such GSTR-3B returns being filed before 30th September 2020.
BUT MY QUERY IS THAT IF GSTR3B IS STILL NOT FILED THEN WHAT WILL BE THE MAXIMUM PENALTY FOR FILLING GSTR3B FOR OLD RETURNS .
In a major relief to the GST taxpayers. the government has decided to cap the maximum late fee for Form GSTR-3B at Rs. 500/- (five hundred only) per return for the tax period July 2017 to July 2020 subject to the condition that such GSTR-3B returns being filed before 30th September 2020.
BUT MY QUERY IS THAT IF GSTR3B IS STILL NOT FILED THEN WHAT WILL BE THE MAXIMUM PENALTY FOR FILLING GSTR3B FOR OLD RETURNS .
CA Altamush Zafar
(Expert)
16 February 2021
It will be calulated @ Rs50 or Rs 20 as the case may be with capped limit of Rs. 10000
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