RETURN PENALTIES

Return 175 views 5 replies
What is penalty of GSTR-1 and GSTR-3B ?
Replies (5)
50/- per day for GSTr1
20/- per day for 3b (nil return)
50/- per day for 3b
Gstr 1penality how do pay???
First no more penalty levied for late filing of GST return. It is called "LATE FEE" and in the challan it's also "FEE"...

Late Fee is applicable for GSTR 3B and GSTR 1* returns of we filed after due date...

For both (GSTR 3B and GSTR 1) returns late fee as following...

If Nil Return - Rs 20 (CGST Rs 10 and SGST Rs 10)

Other than Nil return Rs 50 (CGST Rs 25 and SGST Rs 25)


Note:
In current situation GSTR 1 return's late fee not imposed...
As per section 47,

Periodical return,
Min 100/per day
Max 5000

Annual return,
Min 100/ per day
Max 0.25% of the turnover
Agree with all suggestions


CCI Pro

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