Consequences for Late filing of GSTR-3B?

[THYAGARAJAN KALYANASUNDARAM]

I want to know the the Consequences for non filing of GSTR-3B on or before its due date.

Thanks in Advance...

[KASTURI SETHI]

Not liable to penalty. Two months period is for understanding GST law.

[THYAGARAJAN KALYANASUNDARAM]

Dear sir,

Thanks for your valuable support. Someone said that, if the gstr-3b not filed on or before 20th of this month then we can't file the gstr-1 return in September 2017 with respect to July 2017. Is it true?

Thanks in advance.

[KASTURI SETHI]

GSTR 3 B, GSTR 3, GSTR 2 and GSTR 1 are to be filed serial wise. Data to be filled in one return is linked with another return. Penalty may not be imposed serial number has to be followed strictly. I have mentioned above returns serial wise.Date may or may not be extended. You must file before due date so that there should no problem in other linked returns. The department has changed the dates again and again.

[Vamsi Krishna]

Rs.100 per day Penalty is there upto a maximum of ₹ 5000.

Further you have to pay interest on both your Outward supplies & the Inward supplies ..

[KASTURI SETHI]

No doubt about the existing provisions of GST laws but the department has extended the dates of various GST returns with an intent not to impose penalty because "probation period" is in progress as already explained above. Stipulated date is now extended period.

[sankul gupta]

sir,

there has been an error in filing GSTR-3B, itc figures despite of being punched and saved are not being reflected in the return and the same is being shown as submitted due to which my output liability amounts to ₹ 8 lacs.

However my itc is more than 8 lacs.

what should i do in such case as paying such huge amount in cash would lead to financial hardship.

how should i proceed in this matter ?? can i skip GSTR 3B?

Please guide.

Thank you.

[KASTURI SETHI]

Do not be panicky. Wait for a few days I.e. till the last date of GSTR 3 B. There is some fault in the system. Your exact liability will be clear either when you file the Final return for July, 17. Be tension free.

[KASTURI SETHI]

Have you taken care that you cannot you SGST credit for payment of IGST ? There are such like restrictions. Use CGST credit against liability of CGST and SGST against SGST. CGST can be used against IGST and vice versa. Do no intermingle Central Credit with State credits. Be careful.

AI Summary

Late GST return filing can trigger penalties, interest and disrupt sequencing of linked returns unless extensions apply. Late filing of GSTR-3B may attract penalty and interest on unpaid tax; administrative extensions have sometimes delayed enforcement. Returns must be filed in sequence because data links between returns can impede subsequent filings if GSTR-3B is not filed timely. System errors can cause ITC mismatches; taxpayers should reconcile credits, await system corrections if appropriate, and apply SGST/CGST/IGST credits according to the prescribed utilisation hierarchy to reduce liability exposure.