GSTN’s GST Updates on Twitter dt. 21 Nov 2017 relating to GSTR-3B Late Fee, etc.
GSTN has tweeted on 21 Nov. 2017 that Functionality for ITC Refund of services used for export of Goods & Services is now available on the GST Portal. Also, Taxpayers can now file Form GSTR-1 for July 2017. Besides, manner in which GSTR-3B late Fee (CGST + SGST) payable by taxpayers will be calculated on GST Portal has been explained, as under:
i) Functionality for refund of Input Tax Credit of inputs/ input services attributed to export of Goods Services has been made available to taxpayers on the GST Portal. This refund application can be filed only once for a tax period and only if Form GSTR 3B has been filed by the taxpayer for that particular tax period.
ii) GST Portal will now be calculating Late Fee (CGST + SGST) payable as below:
a) Rs 50 per day for filing of FORM GSTR-3B Return after the due date for the month of October, 2017 onwards
b) Rs 20 per day for filing of Nil Form GSTR-3B Return after the due date.
iii) Those taxpayers who have not filed Form GSTR 1 for July 2017, can now file it on the GST Portal.