GST Penalties and Interest
Penalties for Late Filing#
GSTR-3B#
- ₹50/day (₹20 CGST + ₹20 SGST + ₹10 IGST)
- Max: ₹10,000
GSTR-1#
- ₹50/day
- Max: ₹10,000
Interest on Late Payment#
- 18% per annum on tax liability
- Calculated from due date to payment date
Other Penalties#
- Wrong ITC: 100% of ITC or ₹10,000
- Fraud: 100% of tax
- General: ₹25,000
Conclusion#
Timely filing avoids penalties and interest.