GST Return Late Fee Calculator | GSTR3b Late Fees Calculator

GST is being implemented & operationalised since Jul-2017, Along with filing GST Returns within time period, Late fees and Interest forms important components of the GST payment and is incurred by business in case of delay in submitting or filing GST returns.

As per GST laws, the Late Fee is an amount charged for delay in filing GST returns. It can be referred to as an overdue fine

One more major concern is how to calculate INTEREST on late payment of GST & Late fees for filling GSTR 3B because Delayed filing of GST Returns attracts Late Fees.

In GST Council meeting held on 22nd December it has been decided to bring one-time late fee waiver scheme. The scheme provides that late fees for late filing of GSTR-3B for the months of July 2017 to September 2018 will be waived if the return is filed between 22nd December 2018 to 31st March 2019.

According to notification – Provided further that the amount of late fee payable under section 47 of the said Act shall stand waived for the registered persons who failed to furnish the return in FORM GSTR-3B for the months of July, 2017 to September, 2018 by the due date but furnishes the said return between the period from 22nd December, 2018 to 31st March, 2019.

The late fees should be payable by normal amount (Rs. 50 or Rs. 20 per day) if the return is filed on 1st April 2019 or thereafter. Also the amount will depend upon the number of days of delay from the due date. Late fees should also be payable for the whole time period from due date of filing to the date of actual filing.

For example- The due date for filing September 2018 is 25th October 2018. If a person files return on 10th April 2019 then late fees should be payable from 26th October 2018 to 10th April 2019.

GST LATE FEES CALCULATION

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.

Note : A return in which there is no sales but has purchases is also considered as NIL 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.

Note : There is no maximum limit on amount of penalty. Late fees is to be paid to enable filing of your return.

Calculator for Interest on late payment & late filling of  GSTR 3B

Interest  is applicable on Late Payment of GST Due. Interest has to be paid by every taxpayer who –

• Makes a delayed GST payment i.e. pays GST after the due date. i.e at 18% pa.
• Claims excess Input Tax Credit i.e at 24% pa.

We have prepared an Excel Utility Calculator for Delayed GST Payments.

Download GST Late Fees Calculator 

https://studycafe.in/wp-content/uploads/2019/08/GST-LATE-FEE-CALCULATOR-STUDYCAFE.xlsx

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