{"id":14296,"date":"2020-09-22T17:29:26","date_gmt":"2020-09-22T11:59:26","guid":{"rendered":"https:\/\/www.cagmc.com\/?p=14296"},"modified":"2024-06-03T14:38:04","modified_gmt":"2024-06-03T09:08:04","slug":"ways-to-get-away-from-late-fee-under-gst","status":"publish","type":"post","link":"https:\/\/www.cagmc.com\/blog\/ways-to-get-away-from-late-fee-under-gst\/","title":{"rendered":"Ways to get away from late fee under GST"},"content":{"rendered":"\n\n\n
Content<\/strong><\/p>\n

What is late fee under GST?<\/a><\/p>\n

On which date late fee shall be applicable under GST?<\/a><\/p>\n

What is the scheme for reduction of late fee under GST?<\/a><\/p>\n

How can I reduce my unnecessary late fee liability under GST?<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\"\"<\/h3>\n

What is late fee under GST?<\/strong><\/h3>\n

According to section 47(2) of CGST Act, 2017 if a registered person fails to file his regular GST return<\/a> on or before due date then he will be liable to pay late fee.<\/p>\n

The amount of late fee vary as per the type of return filed, number of days delayed and due date of filing such return. Currently, the GST portal is aligned to charge a late fee only on returns GSTR-3B, GSTR-4, GSTR-5, GSTR-5A, GSTR-6, GSTR-8, GSTR-7 and GSTR-9 only.<\/p>\n

However, late fee is applicable on delayed filing of GSTR-1 also which may not be getting populated in the return but payable during assessments or on the basis of notice issued by authority.<\/p>\n

On which date late fee shall be applicable under GST?<\/strong><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n
Return<\/strong><\/td>\nName of the act <\/strong><\/td>\nLate fees for every day of delay<\/strong><\/td>\nRemarks <\/strong><\/td>\n<\/tr>\n
GSTR 9\/10<\/td>\nCGST<\/td>\n100<\/td>\nThe GST law has fixed maximum late fees of \u20b95000. This means that in any case, the maximum late fees that can be charged by government is \u20b95000 each return being filed under each Act.<\/td>\n<\/tr>\n
SGST<\/td>\n100<\/td>\n<\/tr>\n
IGST<\/td>\n200<\/td>\n<\/tr>\n
Other than GSTR 9\/10<\/td>\nCGST<\/td>\n50<\/td>\nThe GST law has fixed maximum late fees of \u20b910000. This means that in any case, the maximum late fees that can be charged by government is \u20b910000 each return being filed under each Act.<\/td>\n<\/tr>\n
SGST<\/td>\n50<\/td>\n<\/tr>\n
IGST<\/td>\n100<\/td>\n<\/tr>\n
Other than GSTR 9\/10 (nil return)<\/td>\nCGST<\/td>\n10<\/td>\nid=”scheme”The GST law has fixed maximum late fees of \u20b910000. This means that in any case, the maximum late fees that can be charged by government are \u20b910000 each return being filed under each Act.<\/td>\n<\/tr>\n
SGST<\/td>\n10<\/td>\n<\/tr>\n
IGST<\/td>\n20<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

What is the scheme for reduction of late fee under GST?<\/strong><\/h3>\n

The government provided a relief to taxpayers by capping the maximum late fee on GSTR- 3B returns at \u20b9500. CBIC said that the government has decided the maximum late fee for filing GSTR-3B returns<\/a> for the tax period of July 2017 to July 2020, given that such returns are filed before 30 September 2020.<\/p>\n

Earlier, in the 40th<\/sup> GST council meet, Finance Minister Nirmala Sitharaman has announced a cap of \u20b9500 to be imposed as the late fee for filing GSTR-3B returns for the period of July 2017 to January 2020. Also, it was announced that there will be zero late fees for those with nil tax liability.<\/p>\n