Interest on late filling of gstr 3b
This query is : Resolved
Rakesh KUmar
(Querist)
03 October 2018
Dear Experts
In Last F/Y 2017-2018 I have filled GSTR 3B for the 2 months ( Feb and March ) late by 2 days and 6 days and late fee for the same was paid accordingly
Now at the time of audit my auditer make a provision for interest on total tax liability for the said months for the said days. But there was no tax liability for the said months (i.e. input tax credit is more than total tax liabilities)
Is there any rule/section to pay the interest if yes than please tell the rule/section
Thanks
In Last F/Y 2017-2018 I have filled GSTR 3B for the 2 months ( Feb and March ) late by 2 days and 6 days and late fee for the same was paid accordingly
Now at the time of audit my auditer make a provision for interest on total tax liability for the said months for the said days. But there was no tax liability for the said months (i.e. input tax credit is more than total tax liabilities)
Is there any rule/section to pay the interest if yes than please tell the rule/section
Thanks
Vishakha Kejriwal.
(Expert)
03 October 2018
If ITC was more than the interest liabilities in the respective months the question of interest provision does not arise.
CA Ayush Agarwal
(Expert)
03 October 2018
No Question of Interest Liablity.
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