Page 32 - GSTL_11th June 2020_Vol 37_Part 2

J40 GST LAW TIMES [ Vol. 37
company had deposited the tax amounting to ` 30 lakhs in Electronic
Cash Ledger on 24th June, 2020. (Specified due date : 24th June, 2020)

Total Delay in No. of Days 97
Delay in No. of days beyond 15 days 62
Benefit Applicable as per notification (i.e., return filed No
beyond specified time)
Applicable Interest 18% 143,507
Applicable Late Fees 100 9,700

Example 5 :
M/s. Abhinandan Limited having turnover more than ` 5 crores in FY
2018-19 files GSTR-3B for March, 2020 on 5th June, 2020. Whereas the
company had deposited the tax amounting to ` 30 lakhs on the same
day. But the company delayed in filing of GSTR-1 and filed the same on
1st July, 2020. (Specified due for GSTR-3B - 24th June, 2020 and GSTR-1 -
30th June, 2020)

Total Delay in No. of Days 77
Delay in No. of days beyond 15 days 62
Benefit Applicable as per notification (i.e., return filed Yes
within specified time)
Applicable Interest 9% 45,863
Applicable Late Fees for GSTR-3B Nil Nil
Total No. of delay in filing of GSTR-1 81
Waiver of late fees as per notification (i.e., return filed No
within specified time)
Applicable Late Fees for GSTR-1 200 16,200

Example 6 :
M/s. Abhinandan Limited having turnover less than ` 5 crores in FY
2018-19 files GSTR-3B for February, 2020 on 1st July, 2020. Whereas the
company had deposited the tax amounting to ` 6 lakhs in Electronic
Cash Ledger on 20-3-2020. (Specified due date : 29th June, 2020)

Total Delay in No. of Days 99
Delay in No. of days beyond 15 days Not NA
Applicable
Benefit Applicable as per scheme (i.e., return filed No
within specified time)
Applicable Interest 18% 29,293
Applicable Late Fees (per day in Rs.) 100 9,900

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GST LAW TIMES  11th June 2020  32