Late Fees and Interest on GST Return – Update

Late fees and Interest forms important components under the GST payment and incurred by the business in case of delay in submitting or filing.

Latest Updates

There is no late fee that shall be levied if the taxpayer file

  • the monthly GSTR-1 for Mar, April, and May before 30th June 2020.
  • the quarterly GSTR-1 return for the Jan to Mar 2020 quarter before 30th June 2020.
  • Due to the COVID-19 situation in the country, the Govt. provided relief in the interest and late fee for GSTR-3B return filers.

The following are as under:-

  1. Aggregate turnover exceeding Rs 5 crore in the previous financial year 

Period- Feb 2020

ROI* –  Nil (If the tax paid on or before 04th April 2020) and 

9% (If the tax paid after 04th    April 2020)

Condition- GSTR-3B is to be filed on or before 24th June 2020

Period- Mar 2020

ROI* –  Nil (If the tax paid on or before 04th April 2020) and 

9% (If the tax paid after 04th    April 2020)

Condition- GSTR-3B is to be filed on or before 24th June

Period- April 2020

ROI* –  Nil (If the tax paid on or before 04th April 2020) and 

9% (If the tax paid after 04th    April 2020)

Condition- GSTR-3B is to be filed on or before 24th June

  1. If the Aggregate turnover to Rs 1.5 crore in the previous financial year

Period- Feb 2020

ROI* –  Nil 

Condition- GSTR-3B is to be filed on or before 30th June 2020 

Period- Mar 2020

ROI* –  Nil 

Condition- GSTR-3B is to be filed on or before 03rd July 2020

Period- April 2020

ROI* –  Nil 

Condition- GSTR-3B is to be filed on or before 06th July 2020

  1. If the Aggregate turnover more than Rs 1.5 crore in the previous financial year

Period- Feb 2020

ROI* –  Nil 

Condition- GSTR-3B is to be filed on or before 29th June 2020 

Period- Mar 2020

ROI* –  Nil 

Condition- GSTR-3B is to be filed on or before 29th June 2020

Period- April 2020

ROI* –  Nil 

Condition- GSTR-3B is to be filed on or before 30th June 2020

  1. The GSTR-3B filing for May 2020 has been extended from 20th, June 2020 till 27th June, and 14th July 2020.
  2. The due date for filing GSTR-7 and GSTR-8 for the months February to April 2020 and GSTR-5, GSTR-5A, GSTR-6 for March, April, and May 2020 has been extended till the last week of June 2020 and also no interest, late fee, or penalty shall apply if the return is filed before 30th June 2020.
  3. The form ITC-04 due on 25th April 2020 for Jan-Mar 2020 quarter has been extended up to 30th June 2020 without late fee.
  4. The due date to file GSTR-9 and 9C for F.Y .2018-19 is extended up to 30th September 2020.
  5. GSTR-10 due anytime between 20th March 2020 and 29th June 2020 is extended up to 30th June 2020.

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