GSTR-3B Late Fee Calculator
Welcome to our GST Return Late Fees Calculator! This tool is designed to help you quickly and accurately calculate the late fees incurred for delayed GST returns. Late filing of GST returns can lead to penalties, and our calculator aims to provide clarity on the amount due based on the duration of delay.
Explanation of GST Late Fees:
Minimum late filling fees under GST
Late fees for delayed GST returns are calculated based on the number of days of delay and the type of filer
In case of NIL Return
-CGST Act: Rs. 10 per day
-SGST/UTGST Act: Rs. 10 per day
-IGST Act: Rs. 20 per day
In case of Normal Return Filers:
– CGST Act: Rs. 25 per day
-SGST/UTGST Act: Rs. 25 per day
– IGST Act: Rs. 50 per day
Maximum late filling fees under GST
In case of NIL Return
For taxpayers with nil tax liability in GSTR3B or no outward supplies in GSTR-1,
late fee is at Rs. 500 (comprising Rs. 250 CGST and Rs. 250 SGST) per return per month.
In Case of Normal Return late filling fees is determined by the tax liability or turnover of taxpayers as follows:
For other taxpayers:
– Taxpayers with an Annual Turnover of up to Rs. 1.5 Crore in the preceding year face a maximum late fee of Rs. 2000 (comprising Rs. 1000 CGST and Rs. 1000 SGST) per return.
– Taxpayers with an Annual Turnover between Rs. 1.5 Crore and Rs. 5 Crore in the preceding year are subject to a maximum late fee of Rs. 5,000 (comprising Rs. 2,500 CGST and Rs. 2,500 SGST) per return.
– Taxpayers with an Annual Turnover exceeding Rs. 5 Crore in the preceding year have a late fee limit of Rs. 10,000 (comprising Rs. 5,000 CGST and Rs. 5,000 SGST) per return.
1.Select the return period for which Return is pending
2.Input whether 3B NIL or Normal Return
3.Click on the Applicable Turnover of Previous year
4.Enter current date as on which Late fees
5.Press Submit Buttom and Total fees will calculated
GST Late Fees Calculator simplifies your tax filing process.
Streamline your tax management with Dexter Consultancy.
Have Any Questions?
FAQ's for GST Late Fees
Can late fees for GSTR-3B be waived under certain circumstances?
Late fees for GSTR-3B can be waived or reduced by the government under specific conditions, such as technical glitches on the GST portal or natural calamities affecting the taxpayer’s ability to file returns on time. Taxpayers need to apply for such waivers through the GST portal.
What are the consequences of continuously delaying GSTR-3B filing?
Continuously delaying GSTR-3B filing can lead to accumulation of late fees, which can significantly increase the compliance burden for taxpayers. Moreover, it may also attract penalties and interest charges on outstanding tax liabilities, impacting the taxpayer’s financial position and compliance record.
What is GSTR-3B, and why is it important?
GSTR-3B is a monthly summary return that summarizes all sales and purchases made by a taxpayer for a particular tax period. It is crucial because it helps in the assessment of tax liability and input tax credit (ITC) availability.
What happens if I fail to file GSTR-3B on time?
If you fail to file GSTR-3B by the due date, you will be liable to pay late fees. Late filing attracts a penalty of Rs. 50 per day (Rs. 20 for taxpayers having nil liability) of delay until the return is filed.
Can I claim a refund of late fees paid for GSTR-3B filing?
No, late fees once paid are non-refundable.
How can C M Patel and company assist in ensuring accurate monthly GST filing?
C M Patel and company can assist by maintaining accurate records, reconciling financial data, and guiding you through the GSTR-3B filing process. Their expertise ensures compliance with GST regulations and minimizes the risk of errors.
When is the due date for monthly GST filing?
The due date for monthly GST filing, typically known as
GSTR -1 is the 11th of the following month.
GSTR-3B is the 20th of the following month.
However, it’s essential to check for any updates or extensions provided by the government.
What are the post Complinace after GST Registration
Monthly filing is required to provide accurate and up-to-date information on your business transactions, facilitating timely tax payments and compliance. It ensures that the government receives a regular and comprehensive overview of your business activities.
What information is included in the monthly GST return (GSTR-3B)?
GSTR-3B includes details such as total sales, eligible input tax credit, tax liability, and payments made. It provides a summary of your business’s financial transactions for the month.
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