My client has paid correct GST liability of Rs 5 lacs for Mar 18 but somehow the consultant showed less liability by 1.25 lacs in 3B and filed the return. Now that 1.25 lacs shows in cash ledger. GST helpdesk person said that you can only release this 1.26 lacs in next month Apr 18 3B and hence will be charged 24% p.a. interest on short payment of 1.26 lacs. Could anyone guide on this.
Thanks
CAclubindia
