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Interest on late filing GSTR-3B
We have filed the GSTR-3B for FY 17-18 after due date, there was gross outward liability which was settled through ITC and no cash payment was made, interest is to be calculated on net liability or gross liability?
Replies (8)
Quick Summary
Interest to be calculate on net liability..
Is it applicable from FY 17-18? Any supporting section?
Interest is applicable on net liability
Since you have not paid tax through cash there will be no interest.
Interest charged only on net liability
Okay thankyou everyone
Your welcome
Yes, interest to be charge on net tax liability which is paid in cash.
Yes....
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