GSTR-1 Late Fees to be Auto-Populated in GSTR-3B

As per the announcement made in 45th GST Council Meeting, the Late fee for delayed filing of FORM GSTR-1 is to be auto-populated and collected in the next open return in FORM GSTR-3B.

GST Council 45th Meeting Official Press Release

What is the Amount of Late Fees Applicable on Late Filing of GSTR-1?

• Initially as per Sec 47, GSTR-1 Late Fees was: Rs 200 per Day (Rs 100 + Rs 100), Max: 10000 (Rs 5000 + Rs 5000)
• It was later waived to Rs 20 per Day (Rs 10 + Rs 10), Max: 10000 for nill return (Rs 5000 + Rs 5000) and Rs 50 per Day (Rs 25 + Rs 25), Max: 10000 (Rs 5000 + Rs 5000) for other.

Reduction of late fee in case of delayed filing of FORM GSTR-1: Notification No. 4/2018 Central Tax

For taxpayers having nil tax liability in GSTR-1, the late fee to be capped at Rs 500 (Rs 250 CGST + Rs 250 SGST)

For other taxpayers:

• For taxpayers having Annual Aggregate Turnover (AATO) in preceding year upto Rs 1.5 crore, late fee to be capped to a maximum of Rs 2000 (1000 CGST+1000 SGST);
• For taxpayers having AATO in preceding year between Rs 1.5 crore to Rs 5 crore, late fee to be capped to a maximum of Rs 5000 (2500 CGST+2500 SGST);
• For taxpayers having AATO in preceding year above Rs 5 crores, late fee to be capped to a maximum of Rs 10000 (5000 CGST+5000 SGST).

Rationalization of GST Late Fees on Form GSTR-1