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GST Payment Due Date – Penalties, Interest & Late Payments

  • The due date for GST is 20 days after the end of the month.
  • The due date for those registered under the composition scheme will be 18 days following the end of the quarter.
  • GSTR-3B or GSTR-4 forms can only be submitted after GST has been paid.
  • GSTR-1 can be filed without the payment of GST.

Here are the important GST Filing Due Dates

Based on the type of filing and the forms to be used, please follow the below GST Filing due dates –

IMPORTANT DATES

GSTR-3B (Mar, 2022)Apr 20th, 2022GSTR-3B (Jan-Mar,2022)Apr 22nd, 24th,2022
GSTR-1 (Mar, 2022) Apr 11th, 2022IFF (Optional) (Mar,2022)NA
GSTR-1 (Jan-Mar, 2022)Apr 13th, 2022CMP-08 (Jan-Mar,2022)Apr 18th, 2022
GSTR-4 (2021-22)Apr 30th, 2022--

OTHERS

GSTR-5 (Mar, 2022)Apr 20th, 2022GSTR-5A (Mar, 2022)Apr 20th, 2022
GSTR-6 (Mar, 2022)Apr 13th, 2022GSTR-7 (Mar, 2022)Apr 10th, 2022
GSTR-8 (Mar, 2022)Apr 10th, 2022RFD-1018 Months after the end of quarter for which refund is to be claimed

How To Pay GST?

1. Only after logging into your account on the GST Portal can you pay GST. You can pay through net banking or in person at the branch with a cash cheque.

2. However, over-the-counter payments in cash or check are limited to Rs. 10,000 per challan each tax year. Amounts greater than Rs. 10,000 must be paid only through net banking.

3. Payment cannot be done with a debit/credit card or a wallet such as PayTm. They will most likely be launched very shortly.

GST Late Payment Interest & Fees

  • If payment is not made by the due date, interest at the rate of 18% p.a. must be paid.
  • If a person makes an undue or excessive claim of input tax credit or an undue or excessive reduction in output tax liability, he must pay interest at the rate of 24% on such excess claim or excess reduction.

Important Rules & Regulations Governing GST Payments

Electronic Cash Register

Payments made by internet banking, NEFT, RTGS, or any other channel towards tax, interest, penalty, charge, or any other sum shall be credited to the person's electronic cash ledger. The amount in a person's electronic cash ledger may be used to pay any tax, interest, penalty, charge, or another sum due under this act.

Electronic Credit Ledger

The amount of Input Tax Credit (ITC) claimed in the person's return shall be credited to the electronic credit ledger. The money in the computerized credit ledger may only be utilized to pay taxes. If a person notices a discrepancy in his electronic credit ledger, he should notify the officer using form GST PMT-04.

Payment by individuals not registered for GST

Any payment requested of a person who is not registered under the Act must be made using a temporary identity number established through the Common Portal.

GST Payments - Penalties, Interests & Late Fees

The CGST Act charges a Rs.100/day late fee. As a result, it is Rs.100 plus CGST and Rs.100 plus SGST. The entire amount will be Rs.200 per day. There is, however, a maximum levy of Rs. 5,000. The IGST Act makes no mention of a late fee. The total late cost for GSTR-1 and GSTR-3B has now been decreased to Rs. 50 per day (Rs.20 per day for Nil filing).

  • The late fees must be paid in cash, and the taxpayer may not use the Input Tax Credit (ITC) provided in the electronic credit ledger to do so.
  • The late penalty also applies if you fail to file your nil returns on schedule. For example, even if there are no sales or purchases to disclose in the GSTR-3B and no GST liability to declare, a late charge must be paid.
  • The late fee is determined by the number of days past the due date. If a GST return is filed on the 24th of April rather than the 20th, late charges will be computed and must be paid in cash for 4 days.
  • The GST system is now set up to levy a late charge only on GSTR-3B, GSTR-4, GSTR-5, GSTR-5A, GSTR-6, GSTR-8, GSTR-7, and GSTR-9 reports.

Important Points To Remember About GST Penalties & Late Payments –

GST requires the filing of returns. You must file a Nil return even if there is no transaction. A late charge is an amount levied by the GST legislation for late filing of GST returns. When a GST-registered business fails to file GST returns by the prescribed deadlines, a prescribed late charge is assessed for each day of delay.

1. You will be unable to file a return if you have not filed the preceding month or quarter return.

2. As a result, late GST return submission will have a cumulative effect, leading to large fines and penalties.

3. The late filing charge for GSTR-1 is included in the liability ledger of the GSTR-3B filed immediately following the delay.

FAQs

1. What is the prescribed amount to make a GST payment?

The due date for GST is 20 days after the end of the month. The due date for those registered under the composition scheme will be 18 days following the end of the quarter.

2. What is the due date to pay GST for March 2022?

GSTR 01 (T.O. more than 1.5 Crore)Monthly (March 2022)11th April
GSTR 01 (T.O. up to 1.5 Crore)Quarterly (January-March 2022)13th April
GSTR 3BAnnual Turnover of more than INR 5cr in Previous FY – March 202220th April
GSTR 3BAnnual Turnover of up to INR 5cr in Previous FY Monthly Filing – March 202220th April

3. What happens if a GST return is not filed for 6 months?

If a taxpayer fails to file monthly returns for six months in a row, the concerned GST officer may cancel the person's GST registration. If a composition taxable person fails to file GST returns for three consecutive tax periods, the GST officer has the authority to terminate the taxpayer's GST registration.

4. What actually is the GST late fee?

If a taxpayer fails to file their GST return on time, they will be charged a late fee of Rs. 100 under the CGST Act and Rs. 100 under the SGST Act. As a result, a daily late fee of Rs.200 is levied.

5. How do I pay my late fee?

The late fee must be paid through the GST portal. Late fees must be paid in cash, and the taxpayer is not permitted to use the Input Tax Credit (ITC) offered in the electronic credit ledger to do so.

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