Menu
Interest payable in late filing if GSTR3B
I am textile manufacturer and I have filed my Gstr 3b for the month of November 2017 only in the month of September 2018. I have Itc and no tax liability arises. I have paid late fees. my doubt is whether I should pay interest on output gst. my assessing officer ask me to pay interest on output gst as I have not adjusted tax liability with ITC within the due tax.
Replies (1)
The Assessing Officer will take only for the Outward supplies related values. So, He is asking Interest for the Output Tax.
But,
You can submit Your ITC related documents with Output Documents. If it's matched then AO will be satisfied...
Note: Check Out Your GSTR 2A for ITC values and it's matching with reconciliation.
But,
You can submit Your ITC related documents with Output Documents. If it's matched then AO will be satisfied...
Note: Check Out Your GSTR 2A for ITC values and it's matching with reconciliation.
Recent Topics :
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
Related Topics :
CAclubindia
