GST Returns

Who should file GST Returns?

  • According to GST regime, any regular business has to file two monthly returns and one annual return which amounts to 26 returns in a year.
  • One has to manually enter details of one monthly return – GSTR-1. The other return GSTR 3B will get auto-populated by deriving information from GSTR-1 filed by you and your vendors.
  • Separate returns are required to be filed in special cases such as composition dealers.

Late Fees for not Filing Return on Time

Late Fees for GSTR-3B

The Late fees shall be levied for GSTR-3B up to Rs. 20 (Rs. 10 for CGST and Rs. 10 for SGST) per day for NIL returns whereas Rs. 50 (Rs. 25 for CGST and Rs. 25 for SGST) in case of others. A return in which there is no sales but has purchases is also considered as NIL return. Maximum amount of penalty will be Rs. 10,000 (Rs. 5,000 for CGST and Rs. 5,000 for SGST) for every return.

GSTR-3B late fee for a month is required to be paid in the next month. You cannot file a month’s return before making payment of late fees of previous month.

Late Fees for GSTR-1

Late fees for GSTR-1 is Rs. 200 (Rs. 100 for CGST and Rs. 100 for SGST) per day. Currently government is not taking late fees related to GSTR-1.

Late Fees for GSTR-9 and GSTR-9A

Late fees for GSTR-9 and GSTR-9A is 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

Late fees for GSTR-10 is Rs. 200 (Rs. 100 for CGST and Rs. 100 for SGST) per day. There is no maximum limit on amount of penalty. Late fees is to be paid to enable filing of your return.

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