Quick Answer: Can GST Return Be Filed Without Payment?

Can GST late fees be waived off?

The late fee waiver for GSTR-1 for the period July 2017 to November 2019, further extended till 17th January 2020 from 10th January 2020.

The late fee waived off for GSTR-1 for the period July 2017 to November 2019, if the taxpayer submits the return before 10th January 2020..

Can I file GST on my own?

All individuals registered under the GST Act has to furnish the details of the sales and purchases of goods and services along with the tax collected and paid. This can be done by filing online returns.

How do I file a GST return without a digital signature?

The GST Portal has enabled the option to file GSTR-3B by Electronic Verification Code (“EVC”) instead of the Digital Signature Certificate. Therefore the taxpayer can submit GSTR-3B without DSC.

Is Gstr 3b mandatory?

Filing GSTR 3B form is mandatory for all those who have registered for the Goods and Services Tax (GST). … In the interim, all GST registrants have to file GSTR-3B form. It is must that you have a separate GSTR 3B file for each Goods and Services Tax Identification Number (GSTIN) you have.

Is GST late fee allowed as expense?

In fact, late fees are paid for the purpose of the compliance with the Act. Hence, it will be allowed under Section 37 as it is is not an offence or prohibited under any law. Therefore, late fees paid for delay in filing GST returns will be allowed as a deduction under Income Tax.

Is digital signature compulsory for GST returns?

All about DSC Using DSCs to sign and file returns in the GST Common Portal is mandatory for companies and limited liability partnerships (LLPs), and optional for other taxpayers. A DSC is linked to the Permanent Account Number (PAN) of the signatory, whose PAN is encrypted in a DSC token.

Do we need CA to file GST return?

Initially a CA is required to file the GST returns in a proper manner but if you cannot afford to do so because of time or money then you can seek the help of a reputed Online Filings companies to help you in this regard. They can help you to get proper Input Tax Credit (ITC), wrong ITC can lead you heavy penalties.

How is GST fine calculated?

Late fees for GSTR-9 and GSTR-9A is Rs. 200 (Rs. 100 for CGST and Rs. 100 for SGST) per day up to a maximum of 0.50% (0.25% for CGST and 0.25% for SGST) of turnover. Late fees for GSTR-10 is Rs. 200 (Rs. 100 for CGST and Rs. 100 for SGST) per day. There is no maximum limit on amount of penalty.

How do I avoid GST penalty?

Deduct tax/deduct appropriate tax in case of certain specific person (TDS provisions under GST law) at the rate of one per cent out of the payment to the supplier if the value of supply > 2.50 lacs or.deposit the tax deducted with the Government.

Can we file GST return without DSC?

The authorities announced that the GST return filing in GSTR-3B can be done without DSC during this lockdown period. The taxpayers have been given the option of filing this return by Electronic Verification Code (EVC) alone.

What happens if I don’t file my GST return?

If you don’t file any GST return then subsequent returns cannot be filed. For example, if GSTR-2 return of August is not filed then the next return GSTR-3 and subsequent returns of September cannot be filed. Hence, late filing of GST return will have a cascading effect leading to heavy fines and penalty (see below).

Can we file Gstr 3b without payment of tax?

Composition Dealers are not required to file GSTR-3B. They will be required to file quarterly return only. If there is any tax payable then payment of such tax is mandatory for the filing of form GSTR-3B. In other words, GSTR-3B return cannot be filed without full payment of the tax due.

What is the maximum penalty for GST?

25,000 rupeesA penalty of up to 25,000 rupees applies to any offense of the GST law that lacks a specifically prescribed penalty [Sec 125]. Compared to earlier tax laws (i.e., Excise Duty, Service Tax, VAT), the GST tax regime contains a substantial increase in the maximum penalty levied.

Is Gstr 3b monthly or quarterly?

The goods and services tax (GST) taxpayers with a turnover of up to Rs 5 crore will have the option to ease their compliance burden from January 1, as the facility to file GSTR-3B only on a quarterly basis kicks in. Currently, GSTR-3B is filed on a monthly basis along with payment of taxes.

How is Gstr 3b calculated?

So, to put it simply, your GST due is a sum total of GST payable on reverse charge, inward supplies, and outward supplies. This total is calculated individually for each month, which you file through the GSTR 3B form and then pay as per the due dates.

Is GST filing mandatory?

Return filing is mandatory under GST. Even if there is no transaction, you must file a Nil return. You cannot file a return if you do not file previous month/quarter’s return. Hence, late filing of GST return will have a cascading effect leading to heavy fines and penalty.

Is GST charged on penalty?

A statutory fine or penalty is not subject to GST as there is no supply made in relation to the payment.

What if GST return not filed for 6 months?

According to sources, PK Dash, Chairman, CBIC, expressed his displeasure in the progress of cancellation of registration of non-filers who have not filed GSTR 3B (showing tax payments) returns for six or more than six return periods and are liable to action under GST law.