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GST CREDIT NOTE QUERY

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Student
844 Points Posted on 07 March 2021
GST credit note Rs.100000+18% GST is reported in the December 2020 mo nth but not reported in the GSTR 1 then subsequent February 2021 it is reported in the GSTR 1 is any problem? is any is interest is applicable? what is rate of interest?
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On 07 March 2021 at 12:20 Report
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Chartered Accountant
24588 Points Posted on 07 March 2021
Credit note should be issued On or before the thirtieth day of September following the end of the financial year in which such supply was made, or
The date of filing of the relevant annual return for the financial year,
whichever is earlier.
You can file in GSTR 1 in February 2021
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On 07 March 2021 at 12:57
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Student
844 Points Posted on 07 March 2021
Is interest is applicable in this case?
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On 07 March 2021 at 13:00
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Chartered Accountant
24588 Points Posted on 07 March 2021
I think no interest will be charged
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On 07 March 2021 at 14:25
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GST Practitioner
55067 Points Posted on 08 March 2021
If the same has been duly declare in your GSTR 3B in December month only then Interest is not applicable.
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On 08 March 2021 at 00:09
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Student
844 Points Posted on 08 March 2021
Credit note reported in GSTR 3B December 2020 but not reported in GSTR 1 December month, but reported in subsequent month GSTR 1 then is any problem? is any interest?
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On 08 March 2021 at 00:43
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GST Consultant
15986 Points Posted on 08 March 2021
No interest applicable
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On 08 March 2021 at 06:33
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GST Practitioner
55067 Points Posted on 08 March 2021

yes..... then no interest applicable

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On 08 March 2021 at 13:39


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