Menu
penalty and interest for late filing of GSTR 3b
I have filed monthly returns uptill the month of August 2018 only. What will be penalty and interest applicable to me now ?
Replies (3)
interest is 18℅ per annum on Tax amount and late fee for return is Rs. 100 per day subject to maximum of Rs. 5000
thank you for the reply..which rule / section has these provisions?
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. ]
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. ]
Recent Threads
- 17(5) Blocked ITC
- Transfer of equity shares to original owner
- Login credentials and payment acknowledgement not
- Export sales not realised payment not received fro
- Capital gain account amount utilisation
- Form 26QB – Section 194-IA: TDS on Full Cons
- Indexation Benefit available or not on Calculation
- Documents for return exhibition material
- Can I set off equity losses(both short term loss a
- Input tax credit on rent to rent
Related Threads
CAclubindia
