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Do we have t late fee/interest if the portal is not automatically asking?

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Reena

Partner

164 Points Posted on 26 July 2021

For the GSTR 3B which was due on 24 July 2021, I transferred the challan amount through RTGS but it only got credited today (26 July) which means it is 2 days late. When I open the GTR-3B, and try to offset the liabilities to file the return, it doesn't ask for any late fee or interest.

Do I need to pay the late fee and interest and mention in the GSTR3B? I was told that late fee is automatically prompted on the portal but it is not being prompted.

So should I file the return as is or also pay the late fee and interest and mention in the GSTR-#B before filing? Also, is the interest rate 18%? (It for the quarter April-May-June 2021).

Thanks in advance for your help

Replies (2)

Quick Summary

This discussion addresses a common query regarding GSTR 3B filings where the GST portal doesn't automatically prompt for late fees or interest, even when payments are delayed. The consensus is that while the portal might not always prompt, paying interest for delayed filing is mandatory under Section 50 of the GST Act. It's advised to manually calculate and pay the applicable interest, likely at 18% for the specified period, and ensure it's accounted for before filing the return.