GST Late Fees Reduction

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 GST LATE FEES REDUCED.....

June 2021 onwards, no need to worry about much of the GST Late Fees. GST Late fees have been reduced with some considerations. However we are not telling that not to pay GST in time. PAY TAX IN TIME AND RELAX.


As per the Notification No. 19/2021 – Central Tax, Dt. 01/06/2021, it is said that maximum late fees for delay in filing GSTR 3B have been reduced to some extent. Let's see what is in it..

For Register Tax Payers having, 
👉NIL TAX LIABILITY : Maximum of Rs. 500/- per  Return (CGST Rs. 250/- + SGST Rs. 250/-)

👉Turnover up to Rs. 1.5 Cr. in previous F.Y., (having tax liability) : Maximum of Rs. 2,000/- per  Return (CGST Rs. 1,000/- + SGST Rs. 1,000/-).   

👉Turnover up to Rs. 1.5 Cr. to Rs. 5 Cr. in previous F.Y., (having tax liability) : Maximum of Rs. 5,000/- per  Return (CGST Rs. 2,500/- + SGST Rs. 2,500/-). 

👉Turnover more than Rs. 5 Cr. in previous F.Y., (having tax liability) : Maximum of Rs. 10,000/- per  Return (CGST Rs. 5,000/- + SGST Rs. 5,000/-).  Not covered under this notification as no changes made in late fees.


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Comments

giridhar.kura said…
Your Hardworking Can be seen in your Article sir. So easy to understand the matter.
September 11, 2021 at 5:39 PM
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