Gstr3b late fee can be adjusted with credit balance?
This query is : Resolved
29 April 2019
hi
Please help me to know whether we can adjust gstr3b late fee amount with credit amount in ledger?
We have no amount to pay since ITC amount is higher than output. so if late fee comes for 3b return delay , that amount can adjust with this credit or we need to pay separately this amount by generating challan?
thanks in advance
Please help me to know whether we can adjust gstr3b late fee amount with credit amount in ledger?
We have no amount to pay since ITC amount is higher than output. so if late fee comes for 3b return delay , that amount can adjust with this credit or we need to pay separately this amount by generating challan?
thanks in advance
CA Anita Bhadra
(Expert)
29 April 2019
No
You can not adjust . Late fee , penalty etc can be pay thru cash ledger only ( sec 49 of CGST Act )
You can not adjust . Late fee , penalty etc can be pay thru cash ledger only ( sec 49 of CGST Act )
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