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Interest calculaion

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(Querist)
07 September 2018 Dear Sir,
Please give me solution regarding the following matter:
Suppose Output GSt liability Rs.10,000 and Input GST Rs.12000, then tax liability is zero.but the client not filed his return on due time.he is liable for late fees but is there any liability for Interest amount?
Regards,
K.K.Chandra
(C.A INTER)
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RAJA P M

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RAJA P M (Expert)
07 September 2018 No... If Supplier file his GSTR 1 return then ITC is available and no need to pay interest.
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CA PRAVEEN

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CA PRAVEEN (Expert)
08 September 2018 If you do not file GSTR-3b timely then you have to file late fees.



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kartick kumar chandra

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kartick kumar chandra (Querist)
09 September 2018 Sir is there be any Interest Liability?
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RAJA P M

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RAJA P M (Expert)
09 September 2018 Are you filed Your GSTR 3B return then "No need any Interest"
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kartick kumar chandra

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kartick kumar chandra (Querist)
09 September 2018 No,All the Returns are pending From July'17
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CA PRAVEEN

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CA PRAVEEN (Expert)
10 September 2018 NO NEED TO PAY ANY INTEREST

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