What is Missing GST filing penalty?
Nexa Consultancy | Startup & Finance Glossary
Failure to file GST returns (like GSTR-1 and GSTR-3B) by the due date results in a late fee, which is typically ₹50 per day (₹20 for nil returns) per return, per GSTIN, plus interest at 18% per annum on the outstanding tax amount.
Startup Example: A startup with operations in two states misses the GSTR-3B filing for one month. It will incur a late fee of ₹50 x 30 days x 2 GSTINs = ₹3,000, in addition to interest on the unpaid tax.
Timely filing is a cornerstone of our GST services.