what is the maximum late fee a person has to pay for delaying in filing Gstr3b
FOR NIL it's 20 per day
and if there is sale then it's 50 per day
eg if a person has to file GSTR3B Of April 2018 Nil return
he will definitely cross 20000 mark by above rule
Please tell me is there any rule which will reduce the late fee liability in above said case.
As per section 47 of CGST Act, Maximum Late fees is Rs. 5,000/- and as per SGST/UTGST Act is Rs. 5,000/-. Therefore, for a month the aggreagate late fees payable is Rs. 10,000/- irrespective of fact that of nil return
CAclubindia
