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Gstr 3b filed nil by mistake

Huzefa (Manager) (32 Points)

20 June 2018

Dear Sir,

Month of May 2018 -GSTR 3B by Mistake i have filed it nil.

There were liabilities and Input Tax Credit to be claimed.

But now since it is filed. I have to add it in the Next Month GSTR 3B which is June18

Since my Liabilites is less than my Input tax Credit for the Month of May.

Should i need to pay interest. If i need to pay intrest is it on liability and how shall the calculation be done. Becoz tax shall be paid with my ITC.

Please Advice.

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13 Replies

Mukesh Agrawal (40 Points)
Replied 20 June 2018

as you have deferred the liability, interest has to be paid

Ravi SADhiyan (Practice) (4510 Points)
Replied 20 June 2018

Originally posted by : Huzefa
	Dear Sir, Month of May 2018 -GSTR 3B by Mistake i have filed it nil. There were liabilities and Input Tax Credit to be claimed. But now since it is filed. I have to add it in the Next Month GSTR 3B which is June18 Since my Liabilites is less than my Input tax Credit for the Month of May. Should i need to pay interest. If i need to pay intrest is it on liability and how shall the calculation be done. Becoz tax shall be paid with my ITC. Please Advice.

According to my Opinion

You are not required to pay Interest

Because you are not liable to pay Output tax liability in May Month.

Huzefa (Manager) (32 Points)
Replied 20 June 2018

Sir, Thank you for your reply My Sales are there and even my purchases are there for May month but i dont need to pay tax since it can be offseted by ITC itself .

NIL Return was filed by mistake for GSTR3B May Month if i add value to the June Month are you sure we dont have to pay any penalty or interest on it.

Ravi SADhiyan (Practice) (4510 Points)
Replied 20 June 2018

Originally posted by : Huzefa
	Sir, Thank you for your reply My Sales are there and even my purchases are there for May month but i dont need to pay tax since it can be offseted by ITC itself . NIL Return was filed by mistake for GSTR3B May Month if i add value to the June Month are you sure we dont have to pay any penalty or interest on it.

Wait For other Experts Views

Huzefa (Manager) (32 Points)
Replied 20 June 2018

Sir,

I have filed GSTR 3 B Nil Returns by Mistake and since purchase is more than sales the same can be paid through Input Tax Credit for the month of may. Then should i pay interest even then . In The month of June will add those values and pay tax.

CA S Praveen Kumar Reddy (Chartered Accountant) (2195 Points)
Replied 20 June 2018

Int need to pay at 18%pa from due date

Huzefa (Manager) (32 Points)
Replied 20 June 2018

On what we have to pay interest on output tax liability or the tax payable after deducting from ITC and how does the calculation goes

Bibek jaiswal (Accountant) (528 Points)
Replied 20 June 2018

As per my view no interest will be levied for may since as per your calculations there is no tax liability arising and there is no such case of revenue loss to government

Vinod Babu (24191 Points)
Replied 20 June 2018

As you have filed nil return for may 2018 returns, There is no option to revise it.
So... you account the missed out details of may 18 in June 2018 GSTR 3B returns.

Mukesh Agrawal (40 Points)
Replied 21 June 2018

if you have reflected sales in gstr1, the liability has been created in May. but u have not offsetted it in the same month, u have to pay interest on that till the date of payment irrespective of whether you have to pay it out of credit available or through cash.

Huzefa (Manager) (32 Points)
Replied 21 June 2018

Thank You sir, but I am yet to file my gstr1 which is due by 31st July for Apr May and Jun and also if so is there a way to avoid interest becoz can I pay the tax now by calculation of tax to be off-set and also I have balance also available in credit ledger . And if I am supposed to pay interest how is that calculation done, I mistakenly filed may gstr3b return on 17th June and now June gstr3b will file it before 20 July . How to reduce the impact of the mistake

Selvakumar (CA) (24 Points)
Replied 27 December 2023

We have to pay the interest even if you have ITC's more than the liability. Because the tax liability has been deferred and we cannot set off the interests with ITC.

Interest to be calculated on the tax liability since due date @ 18%.

Selvakumar (CA) (24 Points)
Replied 27 December 2023

We have to pay the interest even if you have ITC's more than the liability. Because the tax liability has been deferred and we cannot set off the interests with ITC.

Interest to be calculated on the tax liability since due date @ 18%.