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Home FEATURED Utmost late fee for delayed filing of GSTR-3B return capped at Rs...

Utmost late fee for delayed filing of GSTR-3B return capped at Rs 500

(Representative graphic)NEW DELHI: The utmost fee for delayed filing of every month and quarterly sales return and tax payment form GSTR-3B until July 2020 has been capped at Rs 500 for each return. “In a main aid to the GST taxpayers, the government has made a decision to cap the highest late fee for type GSTR-3B at Rs 500 per return for the tax interval July 2017 to July 2020 matter to the problem that such GSTR -3B returns staying submitted ahead of September 30, 2020,” the CBIC stated in a statement. The Central Board of Indirect Taxes and Customs (CBIC) has notified that there will be nil late expenses if there is no tax liability. In cases where by there is any tax liability then a highest late fee of Rs 500 for each return would be applicable to such GSTR-3B returns submitted up to September 30, 2020.

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