INTEREST ON GST Payable
nitinjain (accountant) (404 Points)
10 November 2018BUT IN GSTR-3B we missed to put output liability correctly in CGST SGST HEAD.
We put input tax credit correctly
Actual tax liability is 100000 & ITC is 120000 but due to mistake we put tax liability only 10000 & excess ITC IS Carried over.
Then weather we are liable for interest payable
If yes then on which amount interest is payable