Interest on late filling of gstr 3b
This query is : Resolved
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
03 October 2018
If ITC was more than the interest liabilities in the respective months the question of interest provision does not arise.
03 October 2018
No Question of Interest Liablity.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Pass word to open justification report for Q1 for FY 2026-27
- Under construction property in ITR
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- New Garden in Place of Old Garden
- Indian IT Portal issue in computing tax as per UK-India DTAA
- F & O PROFIT REPORTING FOR AY 2026-27
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
