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The CBIC notified that Late Fee for Form GSTR 3B has been capped at Rs. 500 for tax period July 2017 to July 2020 subject to returns being filed before 30th September 2020. Here is the official notification. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CU
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FAQ :
The late fee for GSTR-3B returns filed for the tax period of July 2017 to July 2020 is capped at Rs 500, provided the returns are filed before 30th September 2020.
The deadline to file GSTR-3B returns to avail the capped late fee of Rs 500 is 30th September 2020.
Yes, for taxpayers with an aggregate turnover of more than Rs 5 crore in the preceding financial year, the late fee for GSTR-3B returns for May, June, and July 2020 is waived if filed by 30th September 2020.
Yes, the late fee is fully waived for taxpayers where the total amount of central tax payable in the return is nil, provided the return is filed by 30th September 2020.
This notification is deemed to have come into effect from 25th June 2020.
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