In terms of Rule 61 of the CGST Rules, every registered person other than ISD shall furnish a return in FORM GSTR-3B, electronically on or before the twentieth day of the month succeeding such month.
In many States, the GST Authorities are levying penalty of Rs. 50,000/- under Section 125 even for the delay of one day in filing GSTR-3B.
Comments of the experts on this issue.
Unraveling GST Penalty Complexities: Late Filing of GSTR-3B and Dual Penalty Implications Under Sections 47 and 125 The discussion forum focuses on the legal nuances of late filing penalties for GSTR-3B under GST regulations. Experts debate the distinction between late fees under Section 47 and general penalties under Section 125, analyzing whether imposing both penalties is legally justifiable. The conversation explores the legislative intent, statutory interpretations, and procedural aspects of tax compliance, highlighting the complexities of penalty provisions in the GST framework. Participants share insights on the applicability of these sections, referencing judicial precedents and statutory explanations to clarify the legal position. (AI Summary)
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