Any way to waive late penalty for GSTR3B

Dear Sir,

In case of no revenue also it is compulsory to file GST return otherwise there is a penalty of Rs.20 per day.

Thanks

Sir,

The penalty for non filling zero return per day is Rs 20/day subject to maximum of 5,000/-. It is mandatory for filling of return irrespective of turnover.

Hi

Really sorry, but once registered under GST you are required to file returns regularly even if there are no transactions. NIL returns were to be filed.

The late fees for monthly NIL GSTR 3B is Rs. 20 per day subject to a max of Rs. 5000.

This is the delima of GST. It is advisable asap all the returns which includes GSTR-1, 3B

File all the pending returns as soon as possible and don't make any default in future.

I may assist you in GST return filing. You can call me.

You will have to file GSTR 3B as well as GSTR 1. You need to opt for quarterly filing of returns from GST portal since your turnover in previous year would have been less than Rs. 1.5 crores.

Why did you register for GST when there was no revenue. In most of the cases, GST registration is not required till your turnover exceeds Rs. 20 lacs. You may also opt for surrender of GSTN if you don't foresee business income early in the future.

You can file NIL GST returns from GST portal by yourself. Do it ASAP.

Unfortunately, there is very little you can do now. Once registered with GST you need to file the returns even if it is a nil return

In cases where tax liability is nil, Penalty is charged at Rs. 20 per day for delayed filing..Hence, penalty amount can't be 10000.

Hi,

Sorry to inform you that there is no way this late fees can be waived.

I would advise you to pay off the fees and regularise your compliances at the earliest.

If you need, we can help you in filing GST returns

Please feel free to call/ revert in case you need more clarity.

Thanks and regards

Abhishek Dugar

CA CS B.Com

HI,

The penalty cannot be avoided. There is no way out. Hence suggested to finish it asap so that no more days gets add up.

Nil filing is just a two click process. Please note that coming 20th June will be the due date for May GST return. So do the filings so that atleast from this month onwards, no penalty arises.

Thanks

Damini

Once registered ,it is mandatory to file GST return,may it be NIL return. penalty for not filling return is 20 per day,subject to maximum limit of Rs 5000.

You may also choose to cancel your GST registration if your GST turnover is below the threshold i.e. 20 lacs.