Interest payable

This query is : Resolved 
Quick Summary
This discussion clarifies whether interest is payable on a GSTR 3B filing for April 2021, even with a delay due to COVID-19. The consensus is that no interest is applicable as there is no net tax liability. However, a late fee will be charged for filing after the due date of June 4th, 2021.

Profile Image

Profile Image

(Querist)
07 June 2021 Note Our turnover more than 5 crore

For the month of April,21 GSTR3B not filled till date for COVID purpose and we will hope that gstr3bfilled 10/6/21. note that not come any tax liability Apr,21 which shown below
IGST CGST SGST
Output tax 0.00 30500 30500
Input tax 62500 9500 9500
Input tax payable 0.00 0.00 0.00
Input Carry forward
Next month 1500 9500 9500

Any INTEREST and late fee will be paid in this above situation.
Profile Image

CMA Poornima Madhava

Profile Image

CMA Poornima Madhava (Expert)
07 June 2021 No interest will be applicable but late fee will be levied for filing after 4th June 2021
Profile Image

CA Altamush Zafar

Profile Image

CA Altamush Zafar (Expert)
07 June 2021 No interest applicable since you have no net liability.
Profile Image

sona1

Profile Image

sona1 (Querist)
07 June 2021 Thanks for your answer
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries


Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member DHANASHRI KARMARKAR DHANASHRI KARMARKAR Pro Member KayOne ConsultingKayOne ConsultingPro Member AGNIHOTRAM RAM NARAYANAAGNIHOTRAM RAM NARAYANAPro Member NISHANT SIPANINISHANT SIPANIPro Member Amar HiroAmar Hiro
Subscribe to Pro
Join an elite circle of professionals



Answer Query



Quick Links



Browse by Category