23 April 2018
On verification of books of accounts,a dealer was found to have shown less sale in GSTR3B as compared to original sale which is derived from sale register.In this case what will be the penal action for the said sale suppression.
24 April 2018
Dealer will have to take the sale in a subsequent 3B and also pay the penal interest. Penalty will be on assessment. Currently penalties are for late filing of returns.
CAclubindia
