Late fee and Interest

Friends
Please guide me as to how much is the interest rate for not paying GST and the late fee for not filing GSTR 3B and quarterly GSTR 1.
KALYANASUNDARAM
Replies (8)

late fee for gstr 3b 

  1. 20 per day if return is nil 
  2. 40 per day if with data 

late fee for gstr 1 

  1. 20 per day if return is nil 
  2. 50 per day if with data 
Interest is @ 18% for not paying gst

agree with pankaj g !!

Originally posted by : NAVEEN CHAND
late fee for gstr 3b 


20 per day if return is nil 
40 per day if with data 


late fee for gstr 1 


20 per day if return is nil 
50 per day if with data 
 

How come late fee for gstr 3b, 40 per day if with data???

Its 50 per day for both gstr1 and gstr3b

Originally posted by : Nithin



Originally posted by : NAVEEN CHAND



late fee for gstr 3b 


20 per day if return is nil 
40 per day if with data 


late fee for gstr 1 


20 per day if return is nil 
50 per day if with data 
 





How come late fee for gstr 3b, 40 per day if with data???

Its 50 per day for both gstr1 and gstr3b

yes agred it is 50 not 40

The government has reduced the late fees for GSTR-1, GSTR-3B(October 2017 onwards), GSTR-4, GSTR-5, GSTR-5A and GSTR-6 as follows (until further notifications late fees will remain the same):

late fees

If GST is not paid within the due dates of filing return Interest at following rates has to be paid:

Particulars Interest
Tax paid after due date 18% p.a.
Excess ITC Claimed or excess reduction in Output Tax 24% p.a.

late fees

Thank you friends

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