REGARDING GST INTEREST
This query is : Resolved
Quick Summary
Suresh S. Tejwani
(Querist)
29 January 2024
Mr. A has Uploaded invoice in F.Y. 2019-20 (June & July-19)
But The Actual Invoice is F.Y. 2018-19.
Mr. A has shown late invoice In GSTR-1 & 3B and also buyer party was taken late credit
So Mr. A has liable to pay interest about that ?????
But The Actual Invoice is F.Y. 2018-19.
Mr. A has shown late invoice In GSTR-1 & 3B and also buyer party was taken late credit
So Mr. A has liable to pay interest about that ?????
CA Altamush Zafar
(Expert)
29 January 2024
Yes interest is applicable
31 January 2024
interest applicable under section 50(3) read with Rule 88B,
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