Studycafe | Dec 25, 2019 |
GSTR-3A Notice : Interest & Penalty in case of Non-Filing of Return
Legal Text
Rule 68 of GST Rules:
Notice to non-filers of returns
A notice in FORM GSTR-3A shall be issued, electronically, to a registered person who fails to furnish return under section 39 or section 44 or section 45 or section 52.
What is GSTR-3A
GSTR-3A is a Notice which is sent electronically to non-filers of GST returns including Normal Returns, Final Return and Annual Return.
What should Taxpayer do when he receives Notice in form of GSTR-3A
Taxpayer should file pending GST Return within 15 Days of receipt of notice in FORM GSTR-3A. Along with filing of return, pending taxes, interest & penalties should be paid.
What if Return is not filed even after receipt of notice in FORM GSTR-3A
If return is not filed even after receipt of notice in FORM GSTR-3A, After 15 days, best judgement assessment will be done by GST Depatment (in ASMT 13) with the available details.
GSTR-3A Notice for Non filing of GST Returns
How to Calculate Interest & Penalty in case of Non-Filing of Return
Interest will be calculated as per section 50 of CGST Act
Late Fees as per Section 47 of CGST Act
GST Late Fees for GSTR-3B
For NIL Return : Rs. 20 (Rs. 10 for CGST and Rs. 10 for SGST).
In other case : Rs. 50 (Rs. 25 for CGST and Rs. 25 for SGST)
Maximum amount of penalty will be Rs. 10,000 (Rs. 5,000 for CGST and Rs. 5,000 for SGST) for every return.
Late Fees for GSTR-1
Late fees for GSTR-1 is Rs. 200 (Rs. 100 for CGST and Rs. 100 for SGST) per day.
Late Fees for GSTR-9 and GSTR-9A
Rs. 200 (Rs. 100 for CGST and Rs. 100 for SGST) per day up to a maximum of 0.50% (0.25% for CGST and 0.25% for SGST) of turnover.
Late Fees for GSTR-10
Rs. 200 (Rs. 100 for CGST and Rs. 100 for SGST) per day.
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