Please Help: GST late fee 500/- GSTR 3B
Posted Date : 06-Aug-2020 , 12:40:12 pm | Posted By: PUTLURU VENKATA KRISHNA REDDY
Category :
GST | Answers :
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Comments :
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i want to file GST returns(GSTR-3B) from june 2019 to july 2020. My query is. late fees 500/-per return or per month? Total turnover 15 lakhs. Say, June-2019: i)500/-per return(total june month) OR ii) 500/-*13 Months=6500/-
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| Posted By : SIDDHARTH GAUR |
14-Aug-2020, 12:01:24 |
| if you have tax liablity for any month then Rs. 500 per Return otherwise Nil if no tax liablity for remaining month |
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| Posted By : Neelam Yadav |
12-Aug-2020, 01:35:43 |
| As per NN 57/2020 dated 30th June 2020, the late fees wavier is for "the total amount of late fee payable under section 47 of the said Act, shall stand waived which is in excess of two hundred and fifty rupees and shall stand fully waived for those taxpayers where
the total amount of central tax payable in the said return is nil".
Whereas, section- 47 of CGST Act states late fees for persons who fails to furnish the details of inwards and outward required u/s 37 or 38 or 30 or 45 meaning thereby the capping applies to all return specified under Section 47 i.e. Rs 500/- per return, further, return are filed for the specified tax period so the Capping applies to return wise max of Rs 250/- per act. |
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| Posted By : CA PRAVEEN SINGH BISHT |
12-Aug-2020, 01:32:10 |
| Per Return Per month if GSTR-3B having tax liability. |
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