A person had two or more GSTR-3Bs pending for 6 months.
Here, Can he escape from penalty? ie,Can he pay GST amt. without fine?
provided, he has nil sales
If escaping from penalty is not possible, how much penalty he need to Pay??
Replies (5)
Quick Summary
This discussion addresses whether a business with pending GSTR-3B returns for six months, despite having nil sales, can avoid penalties. It clarifies that GSTR-3B must be filed regardless of sales volume. For nil returns, the penalty is £20 per day (£10 for CGST and £10 for SGST), capped at £5,000. If there were tax liabilities, the penalty would be £25 per day (£12.50 for CGST and £12.50 for SGST), also capped at £5,000.
25 per day in each case of CGST and SGST (in case of any tax liability) and Rs. 20/day i.e. Rs. 10/- day in each CGST and SGST (in case of Nil tax liability) subject to a maximum of Rs. 5000/-, from the given due date to the actual date when the returns are finally filed.