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Interest on late payment in GSTR3B

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CMA
63 Points Joined December 2012

if in gstr3b we offset outward liability with input but 3b is file after due date still there is any need to pay interest ?

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On 02 May 2018 at 22:12 Report
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
Yes... If you have any Liability and You are paid after the due date then You ll be pay Interest for the outstanding liability...

Interest rate @ 18%.
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On 02 May 2018 at 22:14
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376 Points Joined May 2018
Yes you will liable to pay interest @ 18% p.a for ex. if you are filing 3b for month of april 2018 and offset your liability on or before 20th may but filed after due date it is advisable to pay interest @ 18% from due date to date of filing in next month gstr 3b
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On 02 May 2018 at 22:40
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Chartered Accountant
86505 Points Joined April 2011
Yes you have to pay interest @ 18%....
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On 02 May 2018 at 22:40
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student
73 Points Joined July 2014
yes 18% interest rate
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On 03 May 2018 at 06:35
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802 Points Joined July 2017
if sales is undervalued in case when we rectify it next month so in this case there is requirement to calculate interest?
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On 07 May 2018 at 18:49
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376 Points Joined May 2018
yes farheem u have to calculate interest
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On 07 May 2018 at 18:53
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
Undervalued....???!!!
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On 07 May 2018 at 18:53
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802 Points Joined July 2017
yah...undervalued sale show
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On 07 May 2018 at 19:17

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