Revised late filing penalty and last date to file GSTR-3B and GSTR-1

posted by November 18, 2017

Filing Goods and Service Tax Returns-1 (GSTR-1)

GSTR-1 to be filed by the taxpayer with annual aggregate turnover up to Rs. 1.5 Crore by following dates:

GSTR-1 to be filed by the taxpayer with annual aggregate turnover more than Rs. 1.5 Crore by following dates:

The last date for filing GSTR-2 and GSTR-3 for the period of July. 2017 – March 2018 would be notified in the aftermath.
Late fee has been waived for the months of July, August & September 2017. Cases where a late fee was paid, it will be re-credited to their Electronic Cash Ledger under “Tax” head instead of “Fee- head so as to enable them to use that amount for the discharge of their future tax liabilities.
Late fee has been revised for the month of October 2017 from Rs. 200/- per day:
Taxpayers whose tax liability was NIL for the concerned month is Rs. 20/- per day (Rs. 10/- per day each under CGST & SGST)
All other taxpayers mentioned other than previous is Rs. 50/- per day ((Rs. 25/- per day each under CGST & SGST)