penalty for late filing of GSTR 3B
Rishabh Mookim (18 Points)
16 August 2017
is there any penalty on late filing of GSTR 3B for the month of july?
Rishabh Mookim (18 Points)
16 August 2017
CA Sathish Reddy
(Articles)
(352 Points)
Replied 16 August 2017
Yes applicable as provisioned in the GST ACT
Chhatra Singh Dugar
(1464 Points)
Replied 16 August 2017
C R RADHAKRISHNAN
(ACCOUNTANT)
(210 Points)
Replied 18 August 2017
MADAP KEEPER CHARGES IS TAXABLE AT WHAT % AND SAC CODE
SOWMYA
(STUDENT)
(24 Points)
Replied 19 August 2017
YES, WE HAVE BOTH LATE FEE AND INTEREST FOR LATE FILING.
LATE FEE IS Rs.100 per Day from the due date of filing i.e.,20th August and maximum upto Rs.5000.
PENALTY IS 18% per Annum on the tax amount.
SOWMYA
(STUDENT)
(24 Points)
Replied 21 August 2017
SERVICES AND THEIR CODES
TAX COLLECTION ACCOUNTING CODE FOR MANDAP KEEPER SERVICES IS 00440035
INTEREST/ PENALTY ACCOUNTING CODE IS 00440036
A LIST OF SAC CODES ARE PROVIDED IN THE BELOW LINK
https://centralexcisechennai.gov.in
Arpita
(GST Expert)
(47 Points)
Replied 16 October 2017
Filing GSTR-3B is mandatory. Even if a business has no transactions during a month, it will still have to file a nil return.
Interest @ 18% per annum is payable. It has to be calculated by the taxpayer on the amount of outstanding tax to be paid. The time period will be from the next day of due date for filing to the date of payment.
Late fees of Rs. 200 per day is to be paid for non-filing of GSTR-3B (Rs. 100 for IGST & SGST each)
To know more about GSTR 3B Penalties, visit this page on GSTR 3B.
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