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.

AI Summary

GST Forum Clarifies Late Fees and Interest for GSTR-3B Returns; Penalties Apply for Delays Beyond Initial Grace Period. A discussion on the Goods and Services Tax (GST) forum addressed queries about late filing fees and interest liabilities for the GSTR-3B return. One participant noted that the return form includes a provision for late fees, while another mentioned that initially, no late fees or penalties were imposed for the first two months. It was clarified that a penalty of Rs. 100 per day, up to Rs. 5000, applies, along with interest on both outward and inward supplies. The government extended return filing dates to ease the transition to GST, emphasizing the importance of timely compliance.