The Central Board of Indirect Taxes and Customs (CBIC) has notified that the maximum fee for delayed filing of monthly and quarterly sales return and tax payment form GSTR-3B till July 2020 has been capped at Rs 500 per return.
“In a major relief to the GST taxpayers, the government has decided to cap the maximum late fee for Form GSTR-3B at Rs. 500/- (five hundred only) per return for the tax period July 2017 to July 2020 subject to the condition that such GSTR -3B returns being filed before 30th September 2020.” Official statement said.
The CBIC has notified that there will be nil late fees if there is no tax liability and, if there is any tax liability then a maximum late fee of Rs. 500 per return would be applicable to such GSTR-3B returns filed up to 30th September 2020.