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penalty and interest for late filing of GSTR 3b

22 May 2019

I have filed monthly returns uptill the month of August 2018 only. What will be penalty and interest applicable to me now ?

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CMA Ramesh Krishnan (Cost & Management Accountant) (71484 Points)
Replied 22 May 2019

interest is 18℅ per annum on Tax amount and late fee for return is Rs. 100 per day subject to maximum of Rs. 5000

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akshay patil (8 Points)
Replied 22 May 2019

thank you for the reply..which rule / section has these provisions?

Shivam RC (Student) (23683 Points)
Replied 23 May 2019

INTEREST= 18% p.a. [ SECTION 50 of the CGST Act, 2017. ]

LATE FEES =

1). For NIL RETURN = Rs. 20 per day ( 10+10 ).
2). For Liability RETURN = Rs. 50 per day ( 25+25 ).

[ SECTION 47 of the CGST Act 2017. ]

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