Late Fee and Interest on GST Returns
Late fee on the GST Returns filed after the due date is applicable and taxpayers have to pay the late fee to avoid being penalized. In case when a taxpayer has made a delayed GST Payment, claimed excess Input Tax Credit, and reduced excess Output Tax Liability, they have to pay a fixed percent interest. This article will talk about the payable late fees and interest on GST returns.
Generally, on the outstanding tax to be paid by the taxpayers, there is 18% per annum interest charged. The interest will be charged from the next day to the due date and will continue till the actual payment date. If a taxpayer has claimed an excess input tax credit or reduced excess output tax liability, then there will be 24% interest charged on the excess payment from the taxpayer. Calculate the payable interest on GST Return payments
Interest = (Outstanding Tax*Interest Rate*Number of Days)/365
For Example = (Rs 20,000*18%*20)/365 = Rs 197.26
GST Returns and Due Date
| Type of GST Return | Frequency | Due Dates |
| GSTR-1 | Monthly/Quarterly | 11th of the next month (monthly)/ 13th of the month succeeding quarter |
| GSTR-5A | Monthly | 20th of the next month |
| GSTR-3B | Monthly | 20th of the next month |
| GSTR-9 | Annually | 31st of December of the next financial year |
| GSTR-9C | Annually | 31st of December of the next financial year |
| GSTR-4 | Annual | 30th of June for the financial year 2024-25 |
| GSTR-6 | Monthly | 13th of the next month |
| GSTR-7 | Monthly | 10th of the next month |
| GSTR-8 | Monthly | 10th of the next month |
GST Return Late Filing Fee After Date
Late fee for GSTR 1
| Under GST Acts | Late fee for each delayed day | Maximum late fee if turnover is up to Rs 1.5 Cr | Maximum late fee if turnover is up Rs 1.5 Cr to Rs 5 Cr | Maximum late fee if turnover is more than Rs 5 Cr |
| CGST | Rs 25 | Rs 1000 | Rs 2500 | Rs 5000 |
| SGST/UTGST | Rs 25 | Rs 1000 | Rs 2500 | Rs 5000 |
| TOTAL PAYABLE LATE FEE | Rs 50 | Rs 2000 | Rs 5000 | Rs 10,000 |
In case of nil returns, the late fee is Rs 10 for each CGST and SGST/UTGST while the total payable is Rs 500.
Late fee for GSTR 5A
In the case of normal returns under GSTR 5A, the payable late fee for each delayed day is Rs 200 while it is Rs 100 in case of nil returns.
Late fee for GSTR 3B
The late fee for GSTR 3B in case of normal returns is Rs 50 for each delayed day while it is Rs 20 for each delayed day in case of nil returns.
Late fee for GSTR 9/9C
| Turnover | Up to Rs 5 Cr | More than Rs 5 Cr but less than Rs 20 Cr | More than Rs 20 Cr |
| Late Fee | Rs 25 for each CGST and SGST | Rs 50 for each CGST/SGST | Rs 100 for each CGST and SGST |
| Interest | .02% each under CGST and SGST | .02% each under CGST and SGST | .25% each under CGST and SGST |
Late fee for GSTR 4
The late fee for GSTR 4 is Rs 50 for each day and it could be up to Rs 2000 while in case of nil returns, the maximum chargeable fee could be up to Rs 500.
Late fee for GSTR 6
The late fee is Rs 50 each day both for the normal and nil returns under the GST acts.
Late fee for GSTR 7
The late fee for filing the GSTR 7 after the due date is Rs 100 each under CGST and SGST making it total Rs 200 though it could be not more than Rs 5000 cumulatively.
Late fee for GSTR 8
The late fee for filing the GSTR 7 after the due date is Rs 100 each under CGST and SGST respectively making it a total of Rs 200 though it could be not more than Rs 5000 collectively.
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In certain cases, the government reduces the fee amount to provide relief to growing businesses. But taxpayers get such exemptions in rare cases, therefore you have to be updated to not miss out on due dates. Avoiding paying regular GST returns may attract heavy penalties. To ensure that you do not have to pay preventable fees and interests, reach out to TaxDunia, the one-stop destination for tax consultation and returns filing.
