- How GST late fee is calculated?
- Is Gstr 1 monthly or quarterly?
- What is the last date of Gstr 3b?
- Is GST payment date extended?
- Is Gstr 3b monthly or quarterly?
- How are Gstr 3b late fees calculated?
- Is Gstr 4 date extended?
- Is Gstr 3b mandatory?
- What happens if Gstr 3b not filed?
- What is 3b return in GST?
- Is Gstr 3b return date extended?
- What is my Gstr 3b filing date?
- Can Gstr 3b be filed quarterly?
- What if GST return not filed for 6 months?
- Is Gstr 3b due date extended for February 2020?
How GST late fee is calculated?
25 per day under each CGST Act and SGST Act and Rs.
50 per day under IGST Act.
However, CBIC has notified reduced late fees for to provide relief for businesses having difficulties in GST return filing.
The law has fixed a maximum late fees of an amount calculated at 0.25% of the Turnover for the financial year..
Is Gstr 1 monthly or quarterly?
GSTR-1 is to be filed by all normal taxpayers who are registered under GST. It is to be filed monthly, except in the case of small taxpayers with turnover up to Rs. 1.5 crore in the previous financial year, who can file the same on a quarterly basis.
What is the last date of Gstr 3b?
M/s Patel & Purabia Associates (Firm) ,a taxpayer whose turnover is upto 5 crore and having tax liability of Rs 1,00,000 has furnished GSTR-3B for the month April-2020 on 10th August,2020….GSTR-3B Due Dates.Tax PeriodAugust-20Due Date20-09-20Interest waived off Till20-09-20Date from Interest 9% “p.a” till date 24th June,20–6 more columns•Jul 8, 2020
Is GST payment date extended?
The Finance Ministry has extended the last date for filing annual GST (Goods & Services Tax) returns for FY20 to March 31, 2021. Earlier, the due date was December 31. There have been demands to extend the date for two reasons: first, the pandemic and second, the due date for annual returns for FY19 is December 31.
Is Gstr 3b monthly or quarterly?
GSTR-3B is a monthly return. All regular taxpayers need to file this return till June 2018. Taxpayers can file their return on GST Portal. Taxpayers have to file this return by 20th of the subsequent month.
How are Gstr 3b late fees calculated?
Late fees for GSTR-3B is Rs. 20 (Rs. 10 for CGST and Rs. 10 for SGST) per day for NIL returns and Rs.
Is Gstr 4 date extended?
Due Dates for filing form GSTR 4: For the financial year 2019-2020, the due date for GSTR-4 Annual Return was 30th April 2020, However, the due date has been extended to 15th July 2020 vide GST Notification No. 34/2020-Central Tax dated 03rd April 2020.
Is Gstr 3b mandatory?
Filing GSTR 3B form is mandatory for all those who have registered for the Goods and Services Tax (GST). … In the interim, all GST registrants have to file GSTR-3B form. It is must that you have a separate GSTR 3B file for each Goods and Services Tax Identification Number (GSTIN) you have.
What happens if Gstr 3b not filed?
GSTR 3B is a monthly self-declaration regarding actual tax paid, to be filed by a registered assessee. Under the law, if not filed within the stipulated date, a penalty of ₹50 per day is levied, if assessee has any tax liability due and ₹20 per day in case of ‘nil’ liability.
What is 3b return in GST?
GSTR-3B is a monthly self-declaration to be filed by a registered GST dealer along with GSTR 1 and GSTR 2 return forms. It is a simplified return to declare summary GST liabilities for a tax period. IMPORTANT: You have to file GSTR-3B even when there has been no business activity (nil return).
Is Gstr 3b return date extended?
The deadline for filing the return under Form GSTR 3B of Central Goods and Services Tax (CGST) Act 2017, falling between March and May 2020, is extended to the last week of June 2020.
What is my Gstr 3b filing date?
Login on to the GST portal. Select ‘Services’, go to ‘Returns’ and then click on ‘Returns Dashboard’ On clicking ‘Returns Dashboard’, you will see the ‘File Returns’ page. Select the relevant ‘Financial Year’ and the ‘Return-filing Period’ from the dropdown menu and click on ‘Search’
Can Gstr 3b be filed quarterly?
The CBIC has released a notification allowing small taxpayers to opt for quarterly filing of GSTR-3B. Small taxpayers are those taxpayers with a turnover of up to Rs. 5 crore in the previous financial year. The quarterly filing option will be available from 1st January 2021 onwards.
What if GST return not filed for 6 months?
Late Filing Penalty for Non-Filing of GST Return The penalty for late filing is INR 100 for each day till the details get furnished in case the person fails to provide details related to inward or outward supply, monthly or annual return by the due date.
Is Gstr 3b due date extended for February 2020?
The due date for filing return in FORM GSTR-3B for February by all registered persons has been extended to April 7, 2020.