Query on Interest on GST
This query is : Resolved
21 January 2022
Respected Experts
Please Guide on the following
GSTR 3B of October 2021 (Monthly Filing) is being filed now in January 2022
GST Payable for OCTOBER 2021
CGST Rs.15000
SGST Rs.15000
Total Rs. 30000
Input Tax Credit
Input CGST Rs. 2100
Input SGST Rs. 2100
Total Rs 4200
Interest to be paid should be calculated on Rs 30000 or on (30000-4200)= Rs.25800
And at what rate is Interest to be calculated.
Thank You in Advance
Please Guide on the following
GSTR 3B of October 2021 (Monthly Filing) is being filed now in January 2022
GST Payable for OCTOBER 2021
CGST Rs.15000
SGST Rs.15000
Total Rs. 30000
Input Tax Credit
Input CGST Rs. 2100
Input SGST Rs. 2100
Total Rs 4200
Interest to be paid should be calculated on Rs 30000 or on (30000-4200)= Rs.25800
And at what rate is Interest to be calculated.
Thank You in Advance
21 January 2022
Interest to be calculated on (30000-4200)= Rs.25800 @ 18% p.a.
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
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- ITR returnFY25-26
- ITR 2 Short Term gain & Long term gain
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Reporting Income under Section 44ADA
- U/s 44AD of Income tax
- Difference in tax comparison report
- ITR 1: Details for showing Exempt Income
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
