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GST Penalties and Interest

Understanding GST penalties for late filing, non-filing, and incorrect returns along with interest rates.

Alok K Acharya & Associates
1 February 2025·Updated 31 August 20261 min read
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GST Penalties and Interest#

Penalties for Late Filing#

GSTR-3B#

  • ₹50/day (₹20 CGST + ₹20 SGST + ₹10 IGST)
  • Max: ₹10,000

GSTR-1#

  • ₹50/day
  • Max: ₹10,000

Interest on Late Payment#

  • 18% per annum on tax liability
  • Calculated from due date to payment date

Other Penalties#

  • Wrong ITC: 100% of ITC or ₹10,000
  • Fraud: 100% of tax
  • General: ₹25,000

Conclusion#

Timely filing avoids penalties and interest.

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Alok K Acharya & Associates

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