Interest on Tax Liability Difference between GSTR1 and 3B

Dear Experts

We have correctly filed GSTR1 of March 2018 showing tax liability of say Rs. 1 Lac

but at the time of filling GSTR3B we have mistakenly written tax liability of 10K instead of 1 Lacs
and in case of ITC also
we have mistakenly written 12k instead of actual ITC of Rs. 1.2 Lac as per GSTR2A.

and later on we have rectified this mistake in next GSTR3B of April 2018 where no payment made through cash ledger as there is sufficient balance in credit ledger.

now we have received notice u/s 50(1) from dept for payment of Interest on delay in discharge of liability.

our balance in electronic credit ledger as on 28 February 2018 is 70k

kindly suggest.
Replies (2)
Quick Summary
This discussion addresses a common GST issue where a company filed GSTR1 with a Rs. 1 Lac tax liability but mistakenly reported only Rs. 10K in GSTR3B. They also made an error with Input Tax Credit (ITC). Although rectified in the next GSTR3B using existing credit ledger balance, the company has received a notice for interest under Section 50(1) due to the delayed discharge of liability. The query seeks advice on how to proceed with the interest payment notice.

Pay the amount as per Notice...
More careful approach is desirable.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details