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Consequences of Late Filing of GSTR-1 and GSTR-3B, Get Practical GST Course in Delhi, 110056, by SLA Consultants India, New Delhi,

Mar 12th, 2025 at 07:33   Learning   Delhi   14 views Reference: 2622

Location: Delhi

Price: Contact us Negotiable


Consequences of Late Filing of GSTR-1 and GSTR-3B

Filing GSTR-1 (outward supplies return) and GSTR-3B (summary return for tax payment) on time is crucial for GST compliance. Delays can result in penalties, interest, and business disruptions.

Consequences of Late Filing of GSTR-1 and GSTR-3B, Get Practical GST Course in Delhi, 110056, by SLA Consultants India, New Delhi,

1. Consequences of Late Filing of GSTR-1

A. ITC Issues for Buyers

  • If a supplier does not file GSTR-1 on time, the recipient’s ITC will not reflect in GSTR-2B, leading to denied or delayed ITC claims.
  • Buyers may stop dealing with non-compliant suppliers. GST Course in Delhi

B. Late Fees and Penalties

  • A late fee of 50 per day (25 CGST + 25 SGST) applies.
  • For NIL returns, the late fee is 20 per day (10 CGST + 10 SGST).

C. Impact on GST Ratings and Compliance Score

  • Frequent late filings reduce GST compliance ratings, affecting business credibility.
  • Businesses with low GST scores may face scrutiny and audit risks.

2. Consequences of Late Filing of GSTR-3B

A. Interest on Late Tax Payment

  • Interest at 18% per annum is charged on the delayed tax payment.
  • Interest is calculated from the due date until the actual payment.

B. Late Fees Accumulation

  • 50 per day (25 CGST + 25 SGST) for normal taxpayers.
  • 20 per day (10 CGST + 10 SGST) for NIL returns.
  • No upper cap, leading to a huge financial burden.

C. ITC Restrictions for Buyers

  • If suppliers delay GSTR-3B, their buyers cannot claim ITC, causing financial strain in the supply chain.

D. Risk of GST Registration Cancellation

  • Continuous non-filing can result in GST registration suspension or cancellation.
  • Tax authorities may issue a show-cause notice demanding compliance.

E. Legal Action & Penalties

  • If tax liability exceeds 5 crores, non-filing may be considered fraud, leading to penalties and legal action.

Get Practical GST Certification Course in Delhi by SLA Consultants India

Consequences of Late Filing of GSTR-1 and GSTR-3B, Get Practical GST Course in Delhi, 110056, by SLA Consultants India, New Delhi,

SLA Consultants India provides expert GST training in Delhi (Pin Code: 110056) to help businesses and professionals stay compliant.

Course Highlights:

GST Return Filing (GSTR-1, GSTR-3B, GSTR-9, ITC Matching)
GST Audit & Compliance Management
Late Fee & Interest Calculation
Tally & Excel for GST Filing

Avoid penalties & master GST filing with expert training!

SLA Consultant Consequences of Late Filing of GSTR-1 and GSTR-3B, Get Practical GST Course in Delhi, 110056, by SLA Consultants India, New Delhi, details with New Year Offer 2025 are available at the link below:

https://www.slaconsultantsindia.com/certification-course-gst-training-institute.aspx

https://slaconsultantsdelhi.in/gst-course-training-institute/

 

E-Accounts, E-Taxation and (Goods and Services Tax) GST Training Courses

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