WebNov 29, 2024 · Penalty on Missing GST Due Date. In such cases, where taxpayers do not file their returns within specified due dates mentioned, he is obliged to pay a late fee of Rs. 50/day i.e. Rs. 25 per day in each case …
Interest calculator in GSTR-3B explained - ClearTax
WebDec 28, 2024 · Use the online GST Late Fees Calculator to calculate interest and late fees by following these steps: State name: Enter the appropriate State name from the list … WebMay 31, 2024 · ♦ Time Period to Avail GST Amnesty Scheme 2024:. GSTR – 3B shall be filed between 1.06.2024 to 31 August, 2024 to avail the benefit of reduced rate of late fees. It means that the pending GSTR 3B returns for the period, July, 2024 to April, 2024 shall be filed on or before 31 st August, 2024.. ♦ Relaxation Effective w.e.f. 01.06.2024. 1. how to watch bup ifo and vob files
GST Return Late Fees, & Interest on GSTR late payment
WebRefund interest. We will pay you interest, compounded daily, on an overpayment or refund of net tax claimed on a GST/HST return beginning from the later of: 30 days after the day … WebApr 12, 2024 · In this case, the maximum penalty of Rs5,000 is levied if you file ITR after due date of 31st July 2024 but before 31st December 2024. • There is a special concession for small taxpayers. If total income does not exceed Rs5 lakh, the maximum penalty levied for delay will be limited to Rs1,000 only. WebFeb 16, 2024 · Once the return is filed, the late fees payable and interest on late payment of tax liability will auto-reflect in the return of the subsequent period. The interest will be calculated per section 50 of the CGST Act, 2024. Interest will be auto-calculated and displayed in Table 5.1 of GSTR-3B – Interest and late fee for the previous tax period. how to watch bullitt