Regarding Late fees and interest

This query is : Resolved

sai suresh bhosale (Querist)
Follow

30 October 2020 Respected sir,

If someone has a gst number from may 2018 and he has not filed any gst returns till date , but now he want to continue with the same GST number then what will be his late fees and interest? Please guide me.

Lekhraj sood

Lekhraj sood (Expert)
Follow

30 October 2020 You had a great chance to get the late fee waiver if you filed all your pending returns by Setpember,2020.Interest will be payable @ 18%.

sai suresh bhosale

sai suresh bhosale (Querist)
Follow

30 October 2020 September 20 passed, now what sir?

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
Follow

20 July 2025 Since September 2020 has passed and the late fee waiver window is no longer available, here’s what happens now if someone wants to continue using their existing GST registration (which has been inactive due to non-filing since May 2018):

✅ Steps to Continue with Same GSTIN:
File All Pending Returns from May 2018 to Current Month.
Pay Late Fees and Interest as per applicable rules.
If the registration has been suspended, you will need to revoke suspension after filing returns.
💸 Late Fees:
For NIL returns (no sales or purchases):
₹20 per day (₹10 CGST + ₹10 SGST)
Maximum: ₹500 per return (₹250 CGST + ₹250 SGST)
For returns with turnover:
₹50 per day (₹25 CGST + ₹25 SGST)
Maximum: ₹10,000 per return (₹5,000 CGST + ₹5,000 SGST)
⚠️ This is per return, so if you missed, say, 30 returns (GSTR-3B), the penalty can be substantial.

💰 Interest:
Interest @18% p.a. on net tax liability (i.e., cash portion) from due date till date of payment.
If no tax is payable (or if you filed NIL return), interest is not applicable.
✅ What You Should Do Now:
Login to GST portal
Start filing old returns (GSTR-3B and GSTR-1)
Calculate late fee based on date and return type (portal auto-calculates)
Pay interest via electronic cash ledger
Once all dues are cleared, you can continue using your existing GSTIN

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Mahesh Balanthimugaru

Sridhar h s

Ashok Kumar Garg

RAJ SANKLECHA

Amit Chaturvedi

Subscribe Now

Regarding Late fees and interest

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA