MAXIMUM LATE FEE PER RETURN FROM JUNE-2021, MAXIMUM LATE FEE FOR GSTR 3B, GSTR-1, GSTR-4, GSTR-7 FROM JUNE-2021

CLICK HERE TO DOWNLOAD SUMMARY SHEET IN PDF : RATIONALISATION IN LATE FEE FROM JUNE-2021

CLICK HERE TO DOWNLOAD NOTIFICATION : NOTIFICATION NO. 19/2021 – Central Tax Dated 01-06-2021

Rationalization of late fee imposed under section 47 of the CGST Act (Applicable from June-2021)
To reduce burden of late fee on smaller taxpayers, the upper cap of late fee is being rationalized to align late fee with tax liability/ turnover of the taxpayers, as follows:
A. The late fee for delay in furnishing of FORM GSTR-3B and FORM GSTR-1 to be capped, as per return, as below :
Sr. No. Class of Taxpayer Maximum Late fee
(Per Return)
1 For taxpayers having nil tax liability in GSTR-3B or nil outward supplies in GSTR-1

वैसे Taxpayers जिनका GSTR-3B या GSTR-1 का “Nil” रिटर्न है

Rs. 500
(CGST-250 + SGST-250)
2 For Other Taxpayers i.e. For Taxpayers having any liability or say Transaction :

वैसे Taxpayers जिनका किसी भी तरह का Liability या Transaction है :

(i) for taxpayers having Annual Aggregate Turnover (AATO) in preceding year upto Rs. 1.5 Crore

वैसे Taxpayers जिनका पिछले FY में AATO रु 1.5 करोड़ तक था

Rs. 2000
(CGST-1000 + SGST-1000)
(ii) for taxpayers having AATO in preceding year between Rs 1.5 crore to Rs 5 crore

वैसे Taxpayers जिनका पिछले FY में AATO रु 1.5 से ज्यादा था और रु 5 करोड़ तक था

Rs. 5000
(CGST-2500 + SGST-2500)
(iii) for taxpayers having AATO in preceding year above Rs 5 crores

वैसे Taxpayers जिनका पिछले FY में AATO रु 5 करोड़ से ज्यादा था

Rs. 10000
(CGST-5000 + SGST-5000)
B. The late fee for delay in furnishing of FORM GSTR-4 by Composition taxpayers : (From FY 2021-22)

Composition Taxpayers के लिये : (FY 2021-22 से )

(i) If Tax Liability is “Nil” (अगर “Nil” Return है) Rs. 500
(CGST-250 + SGST-250)
(ii) If there is Tax Liability (अगर “Nil” रिटर्न नहीं है) Rs. 2000
(CGST-1000 + SGST-1000)
C. Late fee payable for delayed furnishing of FORM GSTR-7 (June-2021 & onwards) Rs. 2000
(CGST-1000 + SGST-1000)
Note : Per Day Late fee for GSTR-7 reduced to Rs. 50 (CGST-25 + SGST-25)- (From June-2021 & Onwards)
All the above proposals to be made applicable for prospective tax periods.

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One Comment on “MAXIMUM LATE FEE PER RETURN FROM JUNE-2021, MAXIMUM LATE FEE FOR GSTR 3B, GSTR-1, GSTR-4, GSTR-7 FROM JUNE-2021”

  1. Seeks to exempt suppliers of services through an e-commerce platform from obtaining compulsory registration Seeks to limit the maximum late fee payable for delayed filing of return in FORM GSTR-3B from October, 2017 onwards

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