5.1 Interest and Late Fee Payable Section Description Transaction Interest Displays the taxable amount captured from the Statutory Adjustment Journal record that has the following setup: Adjustment Type is Overseas Sub Adjustment Type is Interest GST type must be of IGST, CGST, or SGST/UTGST....
In the case of GSTR 3B requirement of rule 36(4) has to be applied cumulatively for Apr and May 21 GSTR-3B Late Fee Under GST, it is mandatory for every taxpayer to file the monthly return form GSTR-3B, irrespective of the turnover. The penal proviso applicable on failure to file ...
5.Details of Interest and Late Fee under each tax head- IGST, CGST, SGST/UTGSTand Cess. The late fee is system-computed based on the number of days passed after the due date of filing. Details of interest and late fee payable in Form GSTR-3B 6.Provide details of payment of taxes, ...
This section captures the details of tax paid across categories such as Interest, Late Fee, Penalty, and Other Charges. You can drill down to see that your transactions are neatly categorised into the respective sub-sections.You can drill from from any of the above sub-sections to view the...
Dear Taxpayers Amnesty scheme for GSTR 3B return late fee adjustment has ended on 30th of September Now late fee will be calculated as per the original rules
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3. When I navigate to Interest and fee. Here it is showing amount as 0. So there is late amount but still, it is showing up message Late fee for the month includes previous month’s late fee charged due to delay in filing of the return. The calculation is [Date of Filing – (Date...
Sir, interest will be chargeable @ 18% on balance tax payable & Late fee will be applicable @ Rs.20 per day for nil return and @Rs. 50 per day for the taxable return. Reply RAMAKANT TIWARI November 5, 2020 at 5:41 pm Whether GSTR 9 for FY 2019-20 is waived for businesses les...
I want to know what is the due date for filing GSTR-3B and GSTR-1 for March, 2020 as per latest circular. Also want to know the Interest and Late fee applicable incase of late filing of returns.Regards,Divyesh Jain CA R SEETHARAMAN (Expert) Follow 15 June 2020 To provide relie...
11 April 2020 Refer Notification 31 to 35 Technically, Due dates for GSTR 3B not extended - However late fee & penalty will not be levied if filed by 29.06.2020/24.06.2020For turnover, more than 5 crores interest at 9 % will be levied if not filed within 15 days from due dates. Yo...