Is penalty or interest levied on late filing of 3B or is it waived??
Earlier govt had told that it won't charge any penalty for July and August.
Does the same apply now?
Thanks!
Penalty is not atracted for Late Filing. Also we file later then we pay Late FEE. Also somebodys are wrongly said its Penalty...
Also August 3B late fee is Waiver* from GSTN. So, Late fee not atracted...
Interest ll be atracted for late payment. It's calculated as Follows
Interest = Payable Liability (X) 18% ( / ) 365 Days (X) No.of Delayed Days...
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