GSTR-3B Late Fees, Interest & Penalties Explained
Filing GSTR-3B late costs you two separate things: a fixed late fee under Section 47 (₹50 a day, capped by your turnover), and interest under Section 50 on whatever tax you paid late — 18% per annum in the ordinary case, 24% per annum if the delay involves wrongly claimed and used Input Tax Credit. […]
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