The due date for filing FORM GSTR-3B for month of July 2017 was 25th August and as per section 47 of CGST Act,2017 and respective SGST Act of states a registered person on failure to furnish a return shall pay late fee of Rs. 100 for every day during which failure continues subject to maximum of Rs. 5000/-.
The Central Government vide Notification No.28/2017-Central Tax, dated. 01-09-2017 has waived off the late fee payable under section 47 for failure to furnish the Return FORM GSTR-3B by due date for the month of July.
Taxpayers who have committed errors in GSTR 3B will be able to put the correct details in GSTR 1-2-3. However, interest will be leviable from all taxpayers who have not discharged their complete Tax liability for July 2017 by 25-08-2017. Mere payment in cash ledger will not be considered as payment, settlement of the same is necessary.