Consequences of Late Filing of GSTR-1 and GSTR-3B, Get Practical GST Course in Delhi, 110016, by SLA Consultants India, New Delhi,

Timely filing of GSTR-1 and GSTR-3B returns is crucial under the Goods and Services Tax (GST) regime in India. Delays can lead to financial penalties, interest charges, and compliance challenges.

Consequences of Late Filing of GSTR-1 and GSTR-3B, Get Practical GST Course in Delhi, 110016, by SLA Consultants India, New Delhi,

Consequences of Late Filing

1. Late Fees:

   • GSTR-1: A late fee of 50 per day (25 under CGST and 25 under SGST) is imposed for delayed filing. For nil returns, the fee is reduced to 20 per day (10 under CGST and 10 under SGST). GST Course in Delhi

   • GSTR-3B: Similar penalties apply as with GSTR-1. Additionally, an interest rate of 18% per annum is charged on the outstanding tax amount from the due date until payment.

2. Interest on Tax Liability:

   An interest of 18% per annum is levied on the outstanding tax amount from the due date until the tax is paid.

3. Restriction on Input Tax Credit (ITC):

   Delayed filing can restrict the recipient's ability to claim ITC, affecting their tax liability and cash flow.

4. Legal Consequences:

   Persistent non-compliance may lead to legal actions, including the cancellation of GST registration, hindering business operations.

Practical GST Course by SLA Consultants India

For professionals aiming to enhance their GST compliance skills, SLA Consultants India offers a comprehensive GST certification course in Delhi, near the 110016 area.

Consequences of Late Filing of GSTR-1 and GSTR-3B, Get Practical GST Course in Delhi, 110016, by SLA Consultants India, New Delhi,

Course Highlights

• Duration: 50 – 60 hours of intensive training.

• Expert Trainers: Led by experienced Chartered Accountants and industry professionals.

• Mode of Training: Offers both online and offline sessions for flexible learning.

• Curriculum: Covers various aspects of GST, including:

  • GST registration and return filing procedures.

  • Understanding GSTR-1 and GSTR-3B forms.

  • Compliance requirements and penalties for late filing.

  • Hands-on experience with real-world scenarios and case studies.

Benefits of the Course

• Practical Exposure: Focuses on real-world applications to ensure participants are job-ready.

• Certification: Provides industry-recognized certification upon completion.

• Placement Assistance: Offers dedicated support for job placements, leveraging strong industry connections.

Enrolling in GST Training Institute in Delhi can significantly enhance your proficiency in managing GST compliance, particularly in understanding the consequences of late filing and ensuring timely submissions of GSTR-1 and GSTR-3B returns.