gst

GST Penalties and Interest

Understanding GST penalties for late filing, non-filing, and incorrect returns along with interest rates.

GetYourCA Team
1 February 2025·Updated 9 April 20261 min read12.5K views

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.

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GetYourCA Team

Tax Expert

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Disclaimer

We have taken utmost care to research and write this article for your information. However, tax laws are complex and subject to frequent changes. This article is for general guidance only and should not be considered professional advice. Individual circumstances vary significantly — what works for one person may not apply to another.

Before making any tax-related decisions, we strongly recommend consulting with a qualified Chartered Accountant or tax professional who can assess your specific situation. We do not accept any liability for decisions made based on this information.

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