Late fee for GSTR 3B capped at ₹500, if filed before Sept 30

Our Bureau New Delhi | Updated on July 03, 2020 Published on July 03, 2020

A milestone in economic reforms

Central Board of Indirect Taxes & Custom (CBIC) On Friday announced conditional capping of late fee for filing GSTR 3B returns.

GSTR 3B is a monthly self-declaration regarding actual tax paid, to be filed by a registered assessee. Under the law, if not filed within the stipulated date, a penalty of ₹50 per day is levied, if assessee has any tax liability due and ₹20 per day in case of ‘nil’ liability. In case of tax due, interest at the rate of 18 per cent is levied.

The government has decided to cap the maximum late fee for Form GSTR-3B at ₹500 per return for the tax period July 2017 to July 2020 subject to the condition that such GSTR -3B returns being filed before 30th September 2020,” a CBIC statement said. It needs to be noted that there will be nil late fees if there is no tax liability. If there is any tax liability then a maximum late fee of ₹500 per return would be applicable to such GSTR-3B returns.

CBIC said that various representations were received to give further relief in late fee charged for the tax periods of May 2020 to July 2020, in addition to earlier provided relief for February 2020 to April 2020 and relief provided for cleaning up past pendency of returns from July 2017 to January 2020. Also, a uniform late fee is simpler in design and easier to implement on automated common portal.


Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on July 03, 2020
This article is closed for comments.
Please Email the Editor