Key Takeaways: The late fee for GSTR-3B is Rs 20 per day for NIL liability returns and Rs 50 per day otherwise, capped at Rs 10,000, plus interest on delayed tax payment. Filing on time avoids penalties, so taxpayers should track due dates and use available relaxations.
The penalty for late filing of GSTR-3B (a monthly return form under GST) is as follows:
- The late fee for GSTR-3B is Rs. 20 (CGST-Rs 10 and SGST-Rs. 10 ) per day in case of NIL tax liability and capped at Rs 500.
It’s worth noting that the government has relaxed the late fee for GSTR-3B for the period from July 2020 to January 2021, due to the pandemic and its economic impact on businesses. The late fee for this period is Rs. 500 per return, regardless of the turnover of the taxpayer.
It’s always best to file the GSTR-3B on time in order to avoid penalties and to stay compliant with GST regulations.
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