The deadline for filing GSTR-3B was November 20, 2024, for all GST registered taxpayers except in the state of Maharashtra and Jharkhand where the deadline is November 21, 2024. GSTR-3B is a simplified return that is essentially a summary of outward supplies, inward supplies subject to reverse charge mechanism (RCM), calculation of eligible input tax credit (ITC) and others. It serves as a self-declaration for registered GST taxpayers and complements the GSTR-1 and GSTR-2 forms by summarising GST liabilities for a specific tax period.
What can happen if you fail to file GSTR-3B by the deadline
Missing the GSTR-3B return filing deadline results in penalties and interest being levied on (Goods and Services Tax) GST registered taxpayers. The maximum amount of late fee can vary based on the type of return and the taxpayer's turnover.
Chartered Accountant Abhishek Soni, co-founder, Tax2Win explains the penalty and interest which needs to be paid if GSTR-3B is filed after the deadline:
1. Late Filing PenaltyNil Return: Rs 20 per day (Rs 10 under CGST and Rs 10 under SGST).Normal Return: Rs 50 per day (Rs 25 under CGST and Rs 25 under SGST).
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