20 October 2017
i had entered the amount 6540 instead of 5640 in eligible itc and submitted it as i cant change the amount after submission i paid the tax in cash and utilise the original itc that is 5640 in the gstr 3b for month of september. am i liable to pay interest for wrong availment of itc?
21 October 2017
If you are paid the liability as correct calculation then no need to pay Interest....
If you are paid less than amount then you ll be pay interest on balance liability...
21 October 2017
In this case , Credit available as per GSTR -2 and utilized in 3B would be same and there would no excess liability to pay. Hence no interest would be payable.
21 October 2017
@ Mr CA Rohit Sinha.,
In case liability is more than GSTR 3B.. Then What...?
If GSTR 3B based calculated liability Rs. 100000
But, GSTR 3 based Liability is 150000...
Then How To handle the excess liability...?
CAclubindia
