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Late filing of GSTR3B l

Radhika Radhi (1 Points)

31 January 2019

What are fines and penalities of late filing of GSTR3B??

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3 Replies

Vatsla Alagh (1545 Points)
Replied 01 February 2019

Rs. 20 per day for NIL return and Rs. 50 per day for other return.

Vinod Babu (24191 Points)
Replied 01 February 2019

Late fee for Nil Return - Rs. 20/day (CGST Rs 10 & SGST Rs 10)
Other than Nil return - Rs. 50/day (CGST Rs 25 & SGST Rs 25).
Maximum late fee Rs 10000 /month.

Also pay 18% per Annum interest for late payment for all outstanding payments.

Late fee is auto calculated by gst portal while submitting returns.

ajith (Accounts Manager) (58 Points)
Replied 01 February 2019

Dear all, Kindly suggest me the journal entry for GST Payable including Advance Adjusted and Advance received .Kindly find the below heading and suggest me the journal entry for gst payable. Input cgst =60,000 Input sgst =60,000 out put cgst=1,00,000 output sgst=1,00,000 Input igst=25,000 out put igst=75000 CGST Advance recieved =15,000 SGST Advance recieved=15,000 CGST Advance Adjusted=25,000 SGST Advance Adjusted=25,000 IGST Advance Received=11,000 IGST Advance Adjusted=9,000