REGARDING LATE PAYMENT OF TAX
This query is : Resolved
sumaira bhat
(Querist)
01 July 2020
I have filed my 3b return for the month of March 2018, but i have declared less sale hence paid less amount of Tax. Now I have to file the annual return for the financial year 2017-18 and I want to rectify the same in it. How can I calculate the interest for my late payment of Tax.
CA Shubhi Khandelwal
(Expert)
02 July 2020
The interest shall be calculated from after the due date of filing of March-2018 GSTR-3B return i.e 21st April,2018 till the date of payment of the tax amount (which was not reported) and such sales value along with the interest amount shall be reported in the annual return.
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