we have made gst monthly payment yesterday itself.
but we weren't filed gstr1 and 3b monthly return
If we are file return today , will we have pay interest for late filling.
kindly advise.
Replies (4)
Quick Summary
If you've made your GST payment but haven't yet filed your GSTR1 or GSTR3B returns, you might be wondering about late filing interest. While the GSTR1 deadline for April was extended to May 26th with no late fee, the GSTR3B deadline is May 20th, where a late fee could apply. Generally, if you pay on time, interest is only levied if the return is submitted late, and even then, it's often only charged for specific turnover categories or if demanded by the department. Since the government hasn't lost revenue, you may not need to pay interest.
Last date for Gstr1 filing date for april month is extended to may 26th within this period return has to be filed till that time no late fee applicable. where as gstr 3b last date is 20th may late fee may be applicable on this...
If you had submitted the return then no interest otherwise 1 day interest will be levied in case you belong to above 5 crore turnover category. But don't pay it suo moto. Only pay interest when demanded by department.