Yes Late fees will be levied on Gstr1
As per the GST law, a late fee for not filing GSTR-1 is Rs. 200 per day of delay (Rs. 100 as per the CGST Act and Rs. 100 as per SGST Act). The late fee will be charged from the date after the due date.
However, after going through the notifications issued up to February 2021, the late fees continue to be levied at a reduced fee of Rs. 50 per day and Rs 20 per day (for nil return).
Please Note that on the GST portal, the late fee on GSTR-1 is currently not being demanded as a part of payment challan in PMT-06 at the time of filing GSTR-3B.
As per CGST notification 20/2021 dated 1st June 2021, the maximum late fee chargeable from the period of June 2021 onwards.
Registered persons having no outward supplies in the tax period are liable to a maximum late fee of Rs.500 (Rs.250 per Act).
Whereas, registered persons having a total turnover of up to Rs.1.5 crore in the preceding financial year, other than the nil filers are liable to a maximum late fee of Rs.2,000 (Rs.1,000 per Act).
On the other hand, the registered persons having an aggregate annual turnover of more than Rs.1.5 crore but up to Rs.5 crore in the preceding financial year, other than the nil filers can be charged a maximum late fee of Rs. 5,000 (Rs.2,500 per Act).
There is no change in maximum late fee for taxpayers with total turnover more than Rs.5 crore and it remains Rs.10,000. However, the deptt may raise a notice demanding late fee for the period of delay at the time of assessment of returns.