gstr 3b return

[pawan singhal]

is there any late filing fees for gstr 3b.... or any intrest liability on late payment of tax. if we not filed gstr 3b what will be consequence.

[Himansu Sekhar]

In the return itself, there is a provision for late fee.

[pawan singhal]

But earlier in rule itself written there is no late fees and penalty for first two month means for 3b return

[Vamsi Krishna]

As per the FAQ's as answered by Shashi Bhushan (VP of GSTN) in the webinar held last week,

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]

There is late fee for such delay but Govt. has decided to be soft for two months so that the assessee should be able to under GST law. That is why dates of all returns for GST have been extended. The extension of dates is relief but it does mean it should be misused. Returns should be filed before the lapse of revised dates.

AI Summary

Late filing penalties for GSTR 3B may attract daily penalties and interest on tax dues if return not filed.
Late filing of the GSTR 3B return attracts a late fee and interest on unpaid tax; while initial rules suggested no fee for the first two months, webinar FAQs confirmed a daily penalty up to a capped amount and that interest is payable on both outward and inward supplies. The government granted a short grace period and extended filing dates to ease transition, but warned extensions should not be misused.