7 Consequences of not filling GSTR 3B

GSTR 3B is a Return which is to be filled by a Regular GST Tax Payer. It contains the summary details of outward Supplies made and the details of Input Tax Credit. Usually, the due date for filling of GSTR 3B is 20 of next month but the Government can extend the due date. What will happen if you do not file your GSTR 3B within the due date? What will be the late fee, penalty and other consequences? Let’s find out:

• 1. Late Fees under Section 47 of the CGST Act, 2017 – Starts Immediately after due date
• 2. Interest under section 50 – Starts Immediately after due date
• 3. Restricting E-Waybill Generation Under Rule 138E- Restriction will be applicable if two consecutive GSTR 3B is not filled:
• 4. Penalty Under Section 122(1)(iii) – Levy after 3 months ofdue date
• 5. Suspension and subsequent cancellation of GST Registration under Section 29(2) – May be initiated after 6 Months of Due date
• 6. Recovery Proceedings under Section 79
• 7. The last consequence : Restriction of Input Tax Credit of recipients:

Source Taxguru

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