For late filing of Goods and Services Tax (GST) returns in India, a late fee is charged per day of delay, along with interest on any outstanding tax liability. The specific amounts vary depending on the type of return and the taxpayer’s turnover.
GSTR-1 & GSTR-3B (Normal Return) ₹50 per day (₹25 CGST + ₹25 SGST) and Maximum Late Fee annual turnover, up to 1.5 crore, then late fee 2000 (CGST + SGST) , annual turnover Between ₹1.5 Cr and ₹5 Crore then late fee 5000 (CGST + SGST), annual turnover Above ₹5 Crore, then late fee 10000 (CGST + SGST).
GSTR-1 & GSTR-3B (Nil Return) ₹20 per day (₹10 CGST + ₹10 SGST) and Maximum Late Fee ₹500 (₹250 CGST + ₹250 SGST)
GSTR-9 (Annual Return) ₹200 per day (₹100 CGST + ₹100 SGST) and Maximum Late Fee 0.5% of turnover in the State/UT (0.25% per Act)
GSTR-4 (Composition Scheme) ₹50 per day (₹20 for nil returns) and Maximum Late Fee ₹2,000 (₹500 for nil returns)
GSTR-10 (Final Return) ₹200 per day (₹100 CGST + ₹100 SGST) and Maximum Late Fee No upper limit specified
Interest on Late Payment of Tax
In addition to the late fee, interest is charged on the amount of tax that was not paid by the due date.
18% per annum on the outstanding tax liability, calculated daily from the day after the due date until the actual date of payment.
24% per annum for cases involving an undue or excess claim of Input Tax Credit (ITC) or an undue reduction in output tax liability.
Tushar Tyagi,
Rupesh Mangal & Associates
CHARTERED ACCOUNTANTS