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Late fees and interest for quarter ending Sep2021

Maya (Student) (521 Points)

26 October 2021  
Dear Frds/ Experts,

Plz kindly let me know the late fees and interest for the below case:-

case: due date of filing Gstr 3BQ is 22nd Oct'2021. Turnover is below 1.5 Cr. Payment made, but not filed.

Thanks in adv / Maya.

 5 Replies

Sourav (Student) (23917 Points)
Replied 26 October 2021

Maximum late fee is reduced. For nil filers, it is fixed at Rs.500 per return. For the rest, it is fixed as per turnover slabs, explained in the above section.

Maya (Student) (521 Points)
Replied 26 October 2021

Which section?

CA Altamush Zafar (GST Consultant) (11075 Points)
Replied 26 October 2021

Late fees is Rs. 50 per day upto Rs. 2000 in your case.

As far as interest is concerned if you have offset the liability then no interest otherwise interest @ 18% on cash portion will be applicable.

Maya (Student) (521 Points)
Replied 26 October 2021

Thank you Zafar ji...

CA Altamush Zafar (GST Consultant) (11075 Points)
Replied 26 October 2021

My pleasure ...........


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