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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. ]
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