The Central Board of Indirect Taxes and Customs (CBIC) reminded the GST Taxpayers who are under Quarterly Return Filing and Monthly Payment of Taxes (QRMP) scheme that only 1 day is left to file quarterly GSTR-3B Return and having principal place of business in State Group 2.

The due date to file your quarterly GSTR-3B Return for July to September 2021 is October 24, 2021

With effect from January 1, 2021, as notified vide Notification No. 81/2020-Central Tax dated 10-11-2020 and Notification No. 84/2020-Central Tax dated 10-11-2020, the small taxpayers with an aggregated turnover of less than Rs. 5 Crores can opt for Quarterly Return Monthly Payment (‘QRMP’) scheme and file Form GSTR 3B on a quarterly basis. However, if such taxpayers do not opt for the QRMP scheme, they are required to file the return on a monthly basis. Late filing of  GSTR-3B will attract late fees and penalties.

Late fees and interest form important components of the Goods and Services Tax (GST) payment and are incurred by businesses in case of delay in submitting or filing GST returns.