Home / Economy / News / Govt caps late fee at Rs 500 for GST returns filed before Sept 30

Govt caps late fee at Rs 500 for GST returns filed before Sept 30

Even those with nil liabilities had huge late fee outstanding under previous provisions; in their case it has been made zero now

Premium

For those filing for February to April this year, the late fee was waived off if they filed it before June 24 because of the outbreak of coronavirus

Indivjal Dhasmana New Delhi

2 min read Last Updated : Jul 03 2020 | 11:03 PM IST

The government has capped the late fee charged on late GST filing at Rs 500 per return if filed before September 30 this year, and has made it zero for those with nil tax liability, in a bid to clear the ongoing mess in the GST system. Under previous provisions, even those eligible for nil tax were to cough up large amounts of late fee.

Earlier, the late fee was Rs 200 per day, with a cap of Rs 10,000 per return. The late fee relates to filing of the form GSTR3B, or the summary input-output returns.

Even those with nil liability

Topics : GST returns

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in