TMI BlogConsequences for Late filing of GSTR-3B?X X X X Extracts X X X X X X X X Extracts X X X X ..... I want to know the the Consequences for non filing of GSTR-3B on or before its due date. Thanks in Advance... - Reply By KASTURI SETHI - The Reply = Not liable to penalty. Two months period is for understanding GST law. - Reply By THYAGARAJAN KALYANASUNDARAM - The Reply = Dear sir, Thanks for your valuable support. Someone said that, if the gstr-3b not filed on or before 20th of thi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s month then we can't file the gstr-1 return in September 2017 with respect to July 2017. Is it true? Thanks in advance. - Reply By KASTURI SETHI - The Reply = GSTR 3 B , GSTR 3 , GSTR 2 and GSTR 1 are to be filed serial wise. Data to be filled in one return is linked with another return. Penalty may not be imposed serial number has to be followed strictly. I have mentioned above ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... returns serial wise.Date may or may not be extended. You must file before due date so that there should no problem in other linked returns. The department has changed the dates again and again. - Reply By Vamsi Krishna - The Reply = Rs.100 per day Penalty is there upto a maximum of ₹ 5000. Further you have to pay interest on both your Outward supplies the Inward supplies .. - Reply ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... By KASTURI SETHI - The Reply = No doubt about the existing provisions of GST laws but the department has extended the dates of various GST returns with an intent not to impose penalty because probation period is in progress as already explained above. Stipulated date is now extended period. - Reply By sankul gupta - The Reply = sir, there has been an error in filing GSTR-3B , itc figures ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... despite of being punched and saved are not being reflected in the return and the same is being shown as submitted due to which my output liability amounts to ₹ 8 lacs. However my itc is more than 8 lacs. what should i do in such case as paying such huge amount in cash would lead to financial hardship. how should i proceed in this matter ?? can i skip GSTR 3B ? Please guide. T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hank you. - Reply By KASTURI SETHI - The Reply = Do not be panicky. Wait for a few days I.e. till the last date of GSTR 3 B . There is some fault in the system. Your exact liability will be clear either when you file the Final return for July, 17. Be tension free. - Reply By KASTURI SETHI - The Reply = Have you taken care that you cannot you SGST credit for payment of IGST ? There are suc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h like restrictions. Use CGST credit against liability of CGST and SGST against SGST. CGST can be used against IGST and vice versa. Do no intermingle Central Credit with State credits. Be careful. - Consequences for Late filing of GSTR-3B? - Query Started By: - THYAGARAJAN KALYANASUNDARAM Dated:- 9-8-2017 Goods and Services Tax - GST - Got 8 Replies - GST - Discussion Forum - Knowledge Sharing, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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