PENALTY FOR LATE FILING OF GSTR-3B - Goods and Services Tax - GST

In terms of Rule 61 of the CGST Rules, every registered person other than ISD shall furnish a return in FORM GSTR-3B, electronically on or before the twentieth day of the month succeeding such month. In many States, the GST Authorities are levying penalty of Rs.50,000/- under Section 125 even for the delay of one day in filing GSTR-3B. Comments of the experts on this issue.