On which amount Interest will be payable @ 24%
1. ITC which is filled in GSTR-3B
OR
2. ITC utilised in GSTR-3B (outward liability setoff)
Menu
INTEREST
Replies (3)
As per Section 50(3) CGST Act , in both the condition its 24%
i mean
if i have claimed 10000 credit in in GSTR-3B
and only utilised 5000 in that particular month that was wrong.
so on which amount i have to pay the interest
5000 or 10000?
if i have claimed 10000 credit in in GSTR-3B
and only utilised 5000 in that particular month that was wrong.
so on which amount i have to pay the interest
5000 or 10000?
dear,
i could not get you, ..... "you wrongly claimed 10000/- itc instead of 5000/- ...is it so.....
Recent Topic
- Return filing for intervening period upto date of
- EPF Withdrawal taxation
- While e filing otp not generating
- INCOME FROM CLOSING OF NSS -1992 -EXEMPT UNDER W
- GPF AND COMMUTED PENSION RECEIVED
- How do I choose the correct trademark class? Can I
- Error in totalling salary amount in AIS
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
Related Topics
CAclubindia
