Goods and Service Tax is an ambitious tax regime applicable from the 1st of July 2017 made a number of indirect taxes subsumed into it. The government has revealed the due dates for the payment of GST. The GST payment due date for general taxpayers is the 20th of next month while the GST payment due date for composition scheme dealers is the 18th of next quarter. As per Budget 2022, the due date had been revised from the 20th of next month to the 13th of next month in the case of Non-Resident taxpayers.
Latest Update In GST Payment
- Manipur taxpayers can now make GST payments via UPI and credit/debit cards. View More
- The GST department has added Yes Bank to enable UPI and debit/credit card payments. View More
- The Kerala GST department has shared a notification, SRO No. 1153/2024, related to the pending GST payment under the Finance Act 2024. Read PDF
- Punjab and Uttarakhand taxpayers can now make GST payments via debit and credit cards. View More Also, the department has added a new TMB bank for the taxpayers. . View More
- Arunachal Pradesh taxpayers can now complete GST payments via UPI and debit or credit card facilities at the official GST portal. View more
- IDFC First and Bandhan Bank have now enabled GST payment via Credit/Debit Card at the official portal. View more
- GSTN updated its payment procedures to make people pay using UPI, and credit/debit cards, with the help of Axis and Karnataka Bank. Read more
- GSTN department enables the GST payment via UPI, debit card and credit card for West Bengal taxpayers.
- HDFC Bank now allows UPI and debit/credit card payments for GST at the official portal. View more
- Jammu & Kashmir taxpayers can now make GST payments via UPI and debit or credit card facilities. View more
- For taxpayers, the GST department has added a new bank, Dhanlaxmi to facilitate GST payments on the official portal. View more
- The GST department has added more banks to make a GST payment at the official portal. View more
- The GST department added a new state Uttar Pradesh for UPI facilities and CC/DC payment.
- Four additional states have been included (Jharkhand, Karnataka, Rajasthan and Tripura) to provide Credit Card, Debit Card, and UPI facilities for GST payment.
- Kotak Mahindra bank users can make GST payments via UPI facility in selected 10 states. View more
GST Payment Due Dates for Both General & Composition Scheme Taxpayers
| Type of Taxpayer | GST Payment Due Dates |
|---|---|
| Regular | 20th Day of the Next Month |
| Composition | 18th Day of the Next Month of Quarter |
| Non-Resident | 13th Day of the Next Month |
| Input Service Distributor | 13th Day of the Next Month |
| TDS Deductor | 10th Day of the Next Month |
| TCS Collector | 10th Day of the Next Month |
Recommended: Due Dates of GST for Return Filing for Taxpayers in India
Interest on Late Payment of GST
According to the GST Penalty regulations, interest will be charged at the rate of 18 percent per annum from the taxpayers who fail to pay their taxes on time. The interest will be levied for the days after the due date.
Check the example below to understand it better: Suppose your tax liability is Rs. 2,000 and you have not paid tax on time for a given month. Now, if you pay tax after one day from the due date, your interest will be calculated as 2000*18/100*1/365 = Rs. 0.98 Per day. If you delay more than that, you’ll have to pay an interest of the same amount per day. Check out the document attached below (chapter 10, point 50) for more details.
Fill Form for Free Demo of Gen GST Software
Penalty on Missing GST Due Date
In such cases, where taxpayers do not file their returns within specified due dates mentioned, he is obliged to pay a late fee of Rs. 50/day i.e. Rs. 25 per day in each case of CGST and SGST (in case of any tax liability) and Rs. 20/day i.e. Rs. 10/- day in each CGST and SGST (in case of Nil tax liability) subject to a maximum of Rs. 5000/-, from the given due date to the actual date when the returns are finally filed.
Rules and Regulations of GST Payment for Taxpayers
- The electronic cash ledger will be credited if payment for tax, interest, penalty and fee has been made by internet banking, credit card, NEFT, RTGS. While the amount can be used for the payment of interest, tax, penalty which is remaining in the electronic cash ledger of the taxpayer
- A payment for GST PMT-06 form is done through challan while the challan is only valid for the time period of 15 days. When the payment is done successfully, a Challan Identification Number (CIN) is generated. If in any case the CIN is not generated than the taxpayer can file Form GST PMT-07
- Online payments even made after 8 pm will be credited on the same day to the taxpayer’s account. While there will be no physical challan accepted for the GST payment while the challans will be generated from the gst.gov.in only for all the payments of taxes, fees, penalty, interest
- For the payment of challan under the 10000 rupees limit, it can be done over the counter with cash, cheques, demand draft through authorized banks while for the payments exceeding the amount of 10000 will be collected through digital mode only
Some of the Other Rules of the Challan are:
- Just immediately after the creation of CPI and common portal identification number, all new challan can be modified or edited. If there is any change in the amount there must be new challan generated also if the challan contains incorrect data will expire automatically after 15 days
- Each and every challan must be issued with a separate cheque or DD
- A partially filled challan can be saved in the post-login mode and can be accessed using the path > Services > Payments > My Saved Challans. A maximum of 10 challans can be saved on the GST portal with a validity period of 7 days
- The system will restrict any new generation of OTC challan if there is any unpaid OTC challan generated with the tax period amount exceeding rupees 10000. The challan will also automatically get cancelled or expire after 7 day validity period
- There will be UTR used in RTGS transactions with RBI. While the UTI must be linked, If in case the payment is not updated even after 2 hours on the landing page, there will be an option to link the UTR
- On behalf of a taxpayer, the third party can make the payments
Important Things of GST Payment for Freelancers
Beneath the present GST law any individual who is providing the services that comes under the taxes should enroll in the state as a hub of providing the service; if the average turnover exceeds 20 lakh for the fiscal year ( ₹10 lakh in some states like those in the North East), and that shall be liable to apply for freelancers upon the mentioned exceeding limit. 18% GST shall be applied to the freelancer which is same as applicable for the other service provider relied on the kind of service they furnsih.
Provisions for Electronic Credit Ledger
The amount should be credited to the Electronic credit ledger which is filed by the person in his Returns. While the amount stated in the electronic credit ledger can be used for tax payments only. Any differences in the electronic credit ledger must be brought to the notice of an officer through form GST PMT-04.
According to the following order, a taxpayer must discharge his tax duties:
- Self-assessed tax with other dues related to the returns of previous tax periods
- Self-assessment tax and other dues concerned with the current text period
- The amount payable under the rules and regulations act including the demand stated in section 73 or 74
- Late payment interest on GST
- Interest will be applicable at the rate of 18% if the payment is not done within the due date
- A rate of 24% interest will be applicable in the case when a taxpayer claims excess of input tax credit or makes a reduction in the output tax liability
GST Payment Process By An Unregistered Person on Portal
GSTN provides a complete GST payment procedure by an unregistered person by generating a user ID on the official government portal. Here, we disclosed step by step guide.
How to Generate a User ID on the Portal?
- Open https://www.gst.gov.in/ website on Safe Browser
- Now Click on Services > User Services > Generate User Id for Unregistered Applicant
- A new page will be opened for the name of the ‘New Registration for Unregistered Applicant’
- After, you have to select one option from Resident or Non-Resident status
- After select one, they can file the mandatory fields such as state, legal name as per PAN, trade name, details of the authorised signatory, and address of the authorized signatory and address.
- After filling required details, enter the captcha code, and then click on ‘Proceed’. You will receive OTPs on your registered mobile number and email.
Process of GST Payment
https://www.gst.gov.in/ > Payment > Create Challan Enter the ID generated above and make payment
GST Payment Verification Procedure
https://www.gst.gov.in/ > Payment > Track Payment Status Enter GSTIN/Other Id generated above along with CPIN and click on track status.
General Queries on GST Payment
Q.1 – What do you mean by the GST late fee and interest rate?
In context to the late fees, the non-payment of the late payment poses an interest. The total penalty burden surges through 18% per year as interest. An assessee is subjected to the same burden during the complete time of furnishing the taxes. The fees and the interest gets computed from the last date to the date of filing.
Q.2 – What shall be the result if the assessee does not furnish the GST Return?
The assessee who holds the GST enrolled number is required to furnish the GST return. If someone loses to furnish the GST return then a late fee will get imposed on the daily grounds. One shall not be enabled to furnish the ITR for the subsequent month if he or she does not or fails to furnish the GSTR for the current month. Apart from all these compliances an amount of Rs 50 shall be imposed every day as a late fee. Rs 5000 will be the highest amount that could be obtained as a late fee if the assessee losses to furnish his GST return.
Q.3 – As a taxpayer I do not have any amount to file as a GST return, Could I furnish my GSTR?
Yes, one is enabled to furnish the GST return. The filing is adjusted as a NIL return. There might be two cases to furnish the GSTR with no tax. In the first case, there shall have no buyings and no sale in that specific year hence no transaction is there. Thus one can furnish the NIL transaction return. In the other case, the goods and services have been purchased by you but no sale has been performed. Hence you have furnished the GST during the purchase thus you need to furnish the GSTR-3B and avail of the ITC.
Q.4 – What is the method to compute the late fees for the GST payment?
Rs 100 shall be imposed by CGST and Rs 100 by SGST post to the last date of furnishing of the GST return. Hence a total of Rs 200 per day shall be levied through the tax council against the taxpayer. For instance, if the assessee losses to furnish the return due on the date 15th August and do not furnish the same till 9th September then the late fees shall be computed as:
- 25 days * 200 = INR 5000 of late fees
Q.5 – Is there any interest imposed on the late fees with respect to the payment of GSTR?
GST penalty laws verified that each assessee who losses the last date to furnish the taxes needs to file the interest with 18% per annum as late fees. Hence if the individual due for the GST return is Rs 2500 and he or she files it after 3 days of the last date then the interest need to pay as a late fee on the tax shall be computed as:
- 2500*18/100*3/365 = Rs. 3.7 of interest on late fees
The interest amount gets computed towards the duration between the actual last date of paying the tax and the date on which the return was furnished.
Q.6 – Is it important to furnish the GST as a NIL transaction?
If you own a GST registration number then truly it is essential for a taxpayer that he furnish the GSTR. If you pose no buyings or sale transaction then you are required to furnish the NIL GSTR. if you do not furnish the GST return, then late fees shall get imposed. Beneath the CGST act Rs 25 will be imposed as well as Rs 25 shall get charged under the SGST act on a per-day basis. On the same penalty amount, 18% interest per annum will be imposed.
Q.7 – Can late fees on GST be avoided?
In some of the cases, GST late fees shall get avoided but if it does not then it should be furnished prior to the furnishing of the taxes
Sir, The late fee and interest in GST in Government offices who will bear either drawing officer or interest of the account
Sir ji 2017 August se GST return nhi bhra no. Per koi business nhi kiya us samay do gst no. Issues ho Gaye the dusre no. Ka abhi pata chala hai no. Band Karna hai to kya penalty lagegi date 19/11/2020
Yes sir, late fees will be applicable
SIR MERI FEBRUARY-2020 KI GSTR-3B FILE KARNE KE BAD INPUT (CGST=15000 AND SGST=15000) CREDIT ME HAI. ABHI MARCH-2020 KI GSTR-3B ME MERA OUTPUT EXCESS HAI (CGST=38151 AND SGST=38151).
AB 05.05.2020 KE BAD MERI GSTR-3B FILE KARNE PAR MUJHE KITENE OUTPUT PAR 9% INTEREST CHUKANA HOGA.
38151+38151=76302 PAR YA
76302-15000-15000=46302 PAR.
WITH THANKS AND REGARD
SHIV KUMAR SHARMA
You have to pay interest on the net amount of INR 46302 @ 9%
Sir hamne ek gst karaya tha 2017 me aur us time se aaj tak koi tax nahi bhara gaya aur wo abhi cancell hai kya kare
You have to file Nil GST return unless your GSTN no. is canceled
NET OUTPUT LIABILITY =46302
Sir,
On 19 September 2019, sold a technical product of value 1,48,000 INR. Purchase from Gujarat, sold in Karnataka, our company in Pune (Maharashtra).
Paid applicable IGST of 26,640.00 INR to acutal supplier of Gujarat along with principle amount. ( 1,48,000 + 26,640.00 = 1,74,640.00 INR)
Received a similar amount of 1,74,640.00 INR from actual product users in Karnataka.
Important to note that, material sold at the actual price & no Additional cost or profit added to it.
Need’s your reply for below:
How much tax need’s to be paid as on today’s date?
Please let us know the total taxes and penalty amount, considering NO RETURNS or NO any TAXES paid to the government since 19 September 2019.
Its Pvt ltd company, having 2 directors.
Your early reply Will be highly appreciated.
Rgds.
Naganath Mhetre
Actual price is inclusive of Tax so your taxable value comes from this 174640/100+GST rate*100 and your tax amount would be (174640- 174640/100+GST rate*100) and for late fee and interest please go through these three links
https://www.gst.gov.in/newsandupdates/read/387,
https://www.gst.gov.in/newsandupdates/read/382,
https://www.gst.gov.in/newsandupdates/read/384
Sir, what if someone created invoice only 1 bill is there and by mistake, he files for Nil return but paid the late fees.. because he was filing late..now, in this case, what can he do.
You can show the same in next month with interest and tax
interest kitna rahega ?
sir, on 19-11-2019 my GST regn was approved, unfortunately, I have not filed any returns. Now, I have filed for cancellation, what would be the GST and penalty and my business in that GST is nil.
Since your GST is NIl so you have to pay late fee of Rs.20 per day basis up to the tenure of default.
You have to pay and clear all late payment charges before applying for cancellation.
Sir,
I have no sales or purchases and nil returns. I have not filed GST returns since November 2019. How much penalty and late fees do I need to pay
No late fee for nil return
Late fees rs. 20, 10 rs. each for nil return
If you have any account jobs in Ballari. Please inform me
Can I pay the current month get while the previous is pending? Or can I pay the gate for the bills I’ve received as the fine and interest is accumulated and therefore further getting delayed even for the months I have not to pay?
We paid Tax on time but we did not offset the liability in GSTR 3B, because in GSTR 3B wrongly mentioned taxable value as 0 (Zero) so the liability did not set off. did we are liable to pay interest from the due date of GSTR 3B to till filing of annual return for FY 2017-18?
Since you have paid the whole tax on the time then you are not liable to any Interest. However, you are liable to pay Late fee instead
last two years we don’t have any work in our company so we fail to mentation nil in GST at present we have some work
so we have visited our near GST office to know account status and the officer told us to pay fine nearly 1.5lack fine. we have
confused with the fine so please give some idea to avoid fine because the fine is so high
Sir
We have failed to take four debit notes while filing GSTR 3B of Oct 2017. Not we have to pay tax in form DRC 03. How to calculate interest for the amount?
Please specify the question correctly.
Dear Sir,
I WANT TO PAY 2017-18 GST. I HAVE MISSED 3 INVOICE NO ON SERVICE TAX TO GST CHANGEOVER TIME PLEASE GUIDE ME HOW TO PAY.
How to exit the company GST?
You have to apply for cancellation of GST registration on the GST portal.
Hii sir!! I have issued sale invoice to the vendor on 16/05/2019 and vendor not accepted invoice till Jul’19. Now, I can pay GST with interest and file return in Jul’19 (with same invoice date 16/05/2019)
Dear Sir,
We have paid GST for the month of March 19, on 29/05/2019. GSTR3B was filed on 05/06/2019. which period( no. of days), to be considered for calculation of Int @ 18% for late payment- No. of days delayed for payment or No. of days filing of GSTR 3B. Please help us to calculate the exact interest amt.
Interest is calculated up to the date of payment. So you have to pay interest till 29/05/2019 i.e. for no. of days delayed for payment.
For delay in filing of the return, you have to pay the late fee.
I have paid GST through net banking after creating CIN every month. But due to DSC problem, I did not file gstr3b for few months. What are the implications, shall I need to pay interest or late fee. Kindly clarify.
You have paid GST every month on time so there is no liability of Interest but you have not to file GSTR-3B for few months so Late fee will be applicable.
I am here registered taxpayer for GST. I have remitted my tax every month 20th. I have not filed the monthly return 3b on the due date in the situation I would like to you know whether I have to pay interest and late fee. kindly clarify how to calculate with an example.
Thank you
You will not be liable to pay interest as you have paid tax on time but Late fee will be applicable in your case as you have not filed GSTR-3B on the due date
I am not filed GST return from January 2019 up to till now. I would like to know the total penalty amount on up to date now.
I am here registered taxpayer for GST. I have paid tax every month but month 20th. I have not filed the monthly return 3B, I have filed 3B date 15/01/2020,maximum amount transfer to cash ledger all ready paid Fine(Late Fees) on 3 B return.
if interest liabilities. kindly clarify how to calculate with an example
If you have balance in cash ledger then interest liability will not arise, however you are liable for late fees for non filing of GSTR 3B which is Rs. 20 per day for NIL returns and Rs. 50 in other cases.
Sir, Now I am going file 3B for the month of September 2018, I have Tax Liability also How Many days I have calculated late payment interest Please Suggest.
The due date for September 2018 was 25/10/2018, so if you have not filed the return yet, you need to pay the interest @ 18% p.a. from 26/10/2018 to date of filing of return.
Dear sir/madam,
GST return filing composition scheme late fees, interest and penalty calculation Kaise kare for quarter Apr to June
Sir,
I have not filed the NIL returns from Dec 17 till Feb 19, so now if have to file the returns and there is no GST then what is the penalty? and in March I had turnover but IGST is payable so what is the interest and late fees I need to pay in case of IGST, we don’t have intra-state sales
One Bill of September-2017 is uploaded in GSTR-1 CORRECTLY and payment of bill also done in cash ledger, but forget to show and payment in GSTR-3B of September-2017. Now I realise while filling Annual return. Now what to do ? will pay tax through DRS-03 IN ANNUAL RETURN. IF YES, THEN Interest will liable to pay from September-2017 to April-2019 or not. kindly advise. Regards
Sir, I have registered in GST. Now my Outstanding liability for the month of Dec’2018 is Rs. 1000/-. I have an ITC balance of Rs. 500/-. I have filled GSTR-3B return on 28.02.2019 and made payment of Rs. 500 by ITC and Rs. 500 by Cash on 28.02.2019.
So my question is as under:
1. whether interest is payable or not?
2. if interest payable, on what amount (i.e. on Rs. 500 or Rs. 1000)
3. what is the calculation process of interest.
Thank you, Sir.
1. Interest will be payable as you have not made the payment on time.
2. Interest would be payable on gross tax liability.
3. Interest @ 18%p.a would be charged and to be calculated on a daily basis.
1. Interest is payable @15%
2. Interest is payable on INR 500.00
3. Interest on days*18%*500.00
I added some bills of Previous Months in Subsequent Month. Do I have to Pay Interest@18% even though I have ITC Left?
As payment got delayed by 1 month, you have to pay interest on yourself at the time of filing of GSTR -3B for the next month, if you didn’t pay the same, dept. will raise the demand while filing GSTR-3B for the next period.
Dear Sir,
I am IGST HOLDER CONTRACTOR, I AM RAISING MY INVOICE WITH IGST, BUT I M FILING GSTR 3B LATE, SO THE INTEREST LIABILITY WHERE WILL I SHOW, IN IGST BOX OR CGST SGCT.
If your tax liability is under IGST, the late fee will be paid in IGST head only.
And What if tax liability is under IGST CGST & SGST etc? Then late fee payable under which head ?
Late fees has to be deposited under CGST and SGST only.
If the due date falls on 20th of this month for payment of GST which is Sunday, can the payment be done on 21st? Will this attract any penalty, interest on GST payable.
Yes, it will attract interest and late fee.
Hi, I have paid GSTR3B and file GSTR-1 for Fy 2017-2018. However, I have missed a few invoices of the same period. Now I want to pay for these invoices. Can I pay now and file GSTR-1 in February 2019.
Yes, you can pay now and show them in Feb return.
Filled GSTR 4 till Sept 30, 2018. However, will file 3rd quarter 2018 this week. Since the business is closed. I want to cancel the GST registration. Is there any more formality before cancellation or should I go straight away the cancellation mode.?
You can go for the cancellation but till GSTN is canceled you have to submit all your returns till that date.
Sir, I have filed GSTR 3B late for some months. Now got the notice from dept for interest on GST on total output. Dept does not consider input GST regarding calculation of interest. Though after filing 3B output adjusted with input GST. Please suggest what to do?.
Interest needs to be paid in cash only, it can’t be set off from input GST.
May I ask you to share the letter of the department, I am also in dilemma for the matter you just asked.
Interest cannot be set off with credit
I HAVE GST RETURN NOT FILLING IN MONTH OF DEC-2017 TO NOV-2018
MY SALE & PURCHASE WAS NIL THEN I HAVE ALL RETURN WAS NIL RETURN PLEASE CALCULATE ME LATE FEE ON GST RETURN PER MONTHS & TOTAL PAYMENT
PLEASE ANS ME
Your late fees shall be Rs. 25 each for CGST and SGST i.e. Rs. 50 per day from the day after due date till the actual date of filing return. Calculate accordingly.
Gstr-3b is not filed for the period of Oct 17 to the June-18 reason for Technical Error & Now Solved and paid Gstr 3b late fees paid for oct17 to June-18 Late fees Rs 45000
how can procedure for refund of gstr-3b late fees?
Sir, I am not filled GST from 7 Nov 2011 to today, and I have many losses in business in this year. My business is not more than 3 lakes in the year. so, what can I do? I am not capable to pay penalty. I am in poverty.
It is mandatory to file GST returns (even if the data is NIL) if you have taken GST registration. You have to file the due returns starting from July 2017 with payment of late fees.
Sir, I am not filled GST from 7 July 2017 to today, and I have many losses in business in this year. My business is not more than 10 lakes in the year. so, what can I do? I am not capable to pay penalty. I am in poverty.
Is that Maximum late fee of Rs 5000/- is only for CGST or SGST or both?
It is for each for CGST and SGST
I have not filed GST September (Oct 20th) value of 72000. I planned to file on Nov 20th. What is the late fee and fine for this?
You have to pay Rs. 25 each for CGST and SGST for no of days delayed in filing return from due date of filing till the date of filing like in your case Rs. 775/- each for CGST and SGST.
Sir My friend is a businessman and he is paid his GST return Every month before the last date. His some bills GST payable And Maximum non-GST payable bills. Tomorrow he checks his old record for confirmation than found two bills GST payable of August month GST amount approx is 1500/- rs. he forgot to submit. what he does and what are rules apply to his mistake.
File two bills in return to be filed in subsequent months and submit tax along with interest for those two bills.
Sir
I haven’t filed gstr3b for Feb 2018 and consecutive months till now .what is the penalty for the month of Feb and consecutive months if I pay it today and if no GST is to be paid in all months
Penalty in case of Nil GSTR-3B is Rs. 10 each per day in CGST and SGST from due date of filing till date of filing return maximum to Rs. 5000 for a month.
Hello Sir,
I received my GST number in the month of July 18, but I didn’t file returns until Sept 18. So early Oct 18, I did file my return and paid a late fee of Rs 490 each for CGST and SGST for July and August 18. Now I’m trying to file returns for Sept for which due date for filing return is 20/10/2018 but still, the late fee of Rs 1100 is generated for both CGST and SGST. Is this right or I’m filing incorrectly.
Rs. 1100 fees generated is for the month of July 2018 or aug, 2018 which may be not included in the return of July but late fees sometimes are carried forward in next period return. Therefore, late fees appearing in sept month return is carried forward late fees of earlier month
May I know the calculation of Interest on late payment of GST at 18% per annum as per Section 50 of CGST Act
SIR,
We are not paying GST Amount from Nov 2017 to till now. so, now we will pay the tax amount from Nov month 2017.
but, our question is: 1) how to calculate late fee and penalty?
In case of late filing of the return late fees to be paid as Rs.20/- for CGST and Rs.20/- for SGST from the due date of filing of return till the date of filing of return subject to maximum Rs. 5000/-.
Dear Sir,
Today we are going to file the return a month of Nov 2017. The Tax amount is RS.20,490/- for CGST and RS.20,490/- SGST.
My question is: How much the penalty of the above amount?
You have to pay Rs. 5000 each for CGST and SGST if you file the return of Nov. today
Yes, sir,
We paid the return Rs.5000 each for CGST and SGST.
Our one more question is: we file the return of nov that penalty amount is eligible for 3 months?
** we pay the penalty of nov months and we file the return to file the month of Dec, Jan that month we are not paying penalty?
Please specify the question correctly.
I have registered for GST on Sep 2017 but due to some issues, I didn’t start my business. I didn’t file 3b also till date now what I should do now because I don’t even have any business now.
If you don’t have any business and neither it will be in future then cancel the registration but before cancellation, you have to file all your returns even Nil with the late filing fee.
Sir, We have filed GSTR 3B every month on time. But We have not shown RCM on renting of immovable property from July 2017 to September 2017 & not paid. Now if We have to pay RCM then what is the procedure and can we show this in the august 2017 gstr 3b
Yes, you can show RCM entry in Aug GSTR-3b and pay the tax thereon in Aug month.
If I have to pay tax relating to RCM, and I made the late payment. If I am liable to pay interest on this late RCM payment.
Yes, interest shall be applicable from the due date of payment till the date of payment of RCM @18%.
sir mera sale purchase last 7 month se ho raha hai lekin maine 7 month se gst file nahi kiya hai to kya har month 5000 late fee lagega
In the case of non-filing of GST return late fee of Rs. 20/-, 10 in CGST and 10 in SGST per day need to be provided which shall be maximum 5000/-. In any case, late fees shall not exceed Rs. 5000/- for an entire financial year.
Sir, I paid the tax amount but I forget to file the return. Know what to do sir.
You have to pay the late fee in case of non-filing of return
I have registered for GST on Sep 2017 but due to some issues, I didn’t start my business. I didn’t file 3b also till date now please explain the penalty.
20*365 days=7300
20*364 days=7280
20*363 days=7260 type this or
or
20*30 days 600Rs
type this.
The penalty is calculated as Rs. 10/- per day in CGST and Rs.10/- per day in SGST from the due date of filing the return till the date return is filed in case of nil return. For example for sept 2017 3b due date id 20 oct, 20177.No. of days shall be from 21st Oct 2017 to date of filing say 17.12.2018 i.e. 423 days. The penalty for sept,2017 shall be 10*423= Rs. 4230 in CGST and Rs. 4230 in SGST.
Dear Sir,
I paid GST on GTA services (on reverse charge basis) till Dec 17. After which and till date I have not paid any GST on the GTA services and neither showed them in my returns, due to ignorance that Reverse charge has been postponed till 30th June ’18.
So my question is:
1) How can this be rectified?
2) Can I show the previous liabilities in the current month, and pay the tax.
3) Do I need to pay any interest for the same? If yes, then what will be the percentage?
4) Can I claim the ITC after payment of tax?
(1) Yes, this can be rectified in current or subsequent months.
(2) Yes, you can show the same and pay tax on reverse charge basis in cash
(3) Interest to be paid @ 18% from the due date of payment till the date of actual payment
(4) Yes. ITC can be claimed after payment
I would like to know what is NiL Return.
A: I do not have any Purchases or Sales – It is nil Return and attract Rs. Per Day Late fee if filed after the due date
B: I do not have any Purchases But no Sales – It is nil Return. What will be late Fee
C: I have purchased and Sales but no CGST / SGST / IGST liability. What will be a Late fee or will it be called as mention in your text “(in case of Nil tax liability)”
D: I have Purchases and paid CGST / SGST / IGST but my whole sales are on IGST and no TAX liability to pay as I pay more on purchases and collect less on IGST. So will it be called as Nil Tax and need to pay Late fee Rs. 50/- or Rs. 20 per day
Your text stated as Rs. 20/day i.e. Rs. 10/- day in each CGST and SGST (in case of Nil tax liability)
Please reply
A. In case there is no sales and purchases it is considered as Nil return and late fee shall be Rs 10/- each in CGST and SGST.
B. In case there are purchases it is not Nil return and late fee shall be Rs. 25 each in CGST and SGST.
C. In this case, it is not Nil return and late shall be the same as stated above Rs. 25/-
D. This not Nil return and late fee shall be Rs. 25/-.
Nil return is that when there is no purchases and sales means ni data in any table of GSTR-3B
Sir,
Kya late fee jo previous months ki collect ho rahe hai vo map kar di jayegi
No late fees paid earlier will not be refunded.
I have a no returns to file this month, still, I need to pay the penalty if I miss the deadline?
Yes, since even NIL return is mandatory, the penalty will be levied if you miss the deadline of GSTR’s.