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GST Bill missed in Return

04 February 2023

Hi team,

Please assist
Last one bill was missed for Dec-22 GSTR1.

Now, would there any issue if i put it in the month of January-23.

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13 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14167 Points)
Replied 04 February 2023

Yes , You Can show in Jan 23 GSTR1 , however you have to pay interest for late payment in GSTR3B, if Invoice is of December 22.

4 Like

CA Rashmi Gandhi (Chartered Accountant) (86220 Points)
Replied 04 February 2023

No issue only pay the tax with interest

3 Like

raju Kallur (49 Points)
Replied 05 February 2023

Sir, how to calculate Interest on missing sales bill?

on Net payable in cash amt?? or Int payable on Fully Tax amt ??

means Int calculated on after ITC claimed or before claimed ITC ??

pls explain sir

2 Like

CA Rashmi Gandhi (Chartered Accountant) (86220 Points)
Replied 05 February 2023

Only on net payable (Amount less ITC balance available for last month)

CA Altamush Zafar (GST Consultant) (15907 Points)
Replied 05 February 2023

One month interest will have to be paid for full amount @ 18%

CA Rashmi Gandhi (Chartered Accountant) (86220 Points)
Replied 07 February 2023

If amount set off from credit ledger , no interest payable

CA Altamush Zafar (GST Consultant) (15907 Points)
Replied 07 February 2023

Even if the amount is set off from credit ledger but supply is of previous month then interest will be paid in full as per strict letter of law

2 Like

CA Rashmi Gandhi (Chartered Accountant) (86220 Points)
Replied 07 February 2023

Where it is mentioned in law???

CA Altamush Zafar (GST Consultant) (15907 Points)
Replied 08 February 2023

Read section 50 of cgst act

CA Vidyasagar B (Assistant Manager ) (176 Points)
Replied 08 February 2023

Proviso to section 50 is applicable only in the case where there is a delay in furnishing return u/s 39.Since in the given case GSTR 3B for December,2022 is already filed, interest shall be paid on the gross tax liability corresponding to supply missed to declare in December,2022

2 Like

CA Altamush Zafar (GST Consultant) (15907 Points)
Replied 08 February 2023

Totally on point CA Vidyasagar.

CA mukesh vaishnav (associates) (44 Points)
Replied 08 February 2023

As per Section 50 of the CGST Act interest will become applicable at prescribed rate. In the initial stage of GST taxpayers was required to face litigation for payment of interest on Gross liability instead Net Liability. To reduce the ambiguity of the Section 50 of the CGST Act, proviso was inserted under sub section (1) which was notified with effect from 01-09-2020 so that to levy interest only on the net cash tax liability, except in proceedings under section 73 or 74. you can checked this NTF.( NT-01/2020-CT and NT-63/2020-CT)

3 Like