The
maximum late fee of Rs 500 per return has been fixed till July 2020 for monthly
and quarterly sales returns and late payment of tax payment forms.
The Central Board of
Indirect Taxes and Customs (CBIC) said in a statement, "To give relief to
GST taxpayers, the government has delayed the filing of GSTR-3B form for the
period July 2017 to July 2020 with a maximum late fee of Rs 500 per return. But
it is limited. However, this facility will be available only if the
GSTR-3B return of this period is filed before 30 September 2020.
CBIC has notified that no
tax will be levied if no tax liability is created. If a tax liability is
created, the maximum late fee will be Rs 500 per return, but it is necessary
that the GSTR-3B return should be filed by 30 September 2020.
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