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Interest on gst playable after 5th may-2020
sir my net tax liability is 100 lakh if I will deposit 90 lakh before 5th may and balance amount deposit after due date (5-5-2020) and gstr3b will be file after due date interest will be calculated on balance amount Rs. 10 lakh or full amount Rs. 100 Lakh
Replies (4)
Full amount liability offset ki date se dekha jayega
Interest will calculate on 100 lakhs...
In GST amount paid date is not consider as Payment of Tax liability...
GSTR 3B return with set of liability date is final date and payment also consider the return date.
In GST amount paid date is not consider as Payment of Tax liability...
GSTR 3B return with set of liability date is final date and payment also consider the return date.
INTEREST @ 9% will be levied on Full Amount i.e. Rs. 100 lakhs ( provided you file it within the prescribed date ).
Judgement hc only net liability
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