excess credit considred in 3b
Manju Nath (82 Points)
02 September 2019
In Gstr3b excess credit considered instead of 100 Rs 1000 considered 3b also failed how to rectifiy.
Manju Nath (82 Points)
02 September 2019
Akshay Jain
(Tax Consultant)
(1024 Points)
Replied 02 September 2019
Manju Nath
(82 Points)
Replied 02 September 2019
Uttam
(employee)
(814 Points)
Replied 02 September 2019
Anshul Jain
(Professional)
(190 Points)
Replied 02 September 2019
No need to pay interest. In addition to the decisions mentioned by Mr. Uttam, you can take the support of the recent judgment of Hon'ble Patna High Court in the matter of M/s Commercial Steel Engineering Vs State of Bihar. In this judgment, High Court specifically covered Section 50 of the CGST Act and your case is squarely covered by it.
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