GST Penalty and Interest for Late Filing#
Late Filing Fees#
GSTR-1/GSTR-3B:#
| Turnover | Late Fee/Day |
|---|---|
| Up to Rs 1.5 crore | Rs 50 |
| Above Rs 1.5 crore | Rs 100 |
Maximum:#
- Nil: Rs 50/day
- Others: Rs 100/day
- Cap: Rs 5,000
Interest on Late Payment#
Rate:#
- 18% per annum
- From next day of due date
Calculation:#
Interest = Tax Due × 18% × (Days/365)
Other Penalties#
No Registration:#
- Rs 10,000 or 10% of tax (whichever is higher)
Wrong ITC:#
- 100% of ITC wrongly claimed
- Or Rs 10,000
Tax Evasion:#
- 100% of tax + penalty
- Prosecution possible
How to Avoid#
- File returns on time
- Set reminders
- Use auto-fill from previous returns
- Maintain proper records
Waiver#
Late fee waiver for: -_nil- nil returns
- Technical glitches
- COVID-19 period (specific)