GST Late Fee Calculators
As per the GST Law, any registered person is liable to pay late fees in case he makes a delay or fails to furnish outward or inward details in monthly, quarterly, or annual returns within the prescribed due date.
Such a fee is charged for each day during which such a failure continues on the part of the registered taxpayer after the due date to file returns.
Furthermore, a registered taxpayer needs to file NIL returns mandatorily in case there are no transactions for a particular month or a quarter. However, if he makes a delay or fails to furnish details of inward or outward supplies in the NIL Return within the due date, then also, he is also liable to pay a late fee.
INTEREST FOR LATE PAYMENT OF TAX
ST late payment with interest means an additional amount to be paid by the taxpayers if he fails to make the GST payment while filing GSTR 3B.
Interest has to be paid by every taxpayer who:
* Makes a delayed GST payment i.e. pays GST after the due date.
* Claims excess Input Tax Credit
* Reduces excess Output Tax Liability
