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In case of short payment of GST, and later after 1 year the short payment is paid by using ITC only, in that case interest will be levied or not.. pls explain
Replies (10)
Quick Summary
Late fee will levy of that period at the time of returning file
And please concern with someone also
And please concern with someone also
Late fee is upto retrun filing.
return is filed by due date
return is filed by due date
If return is filed by due date so how can it be possible that there will be shortage in tax payment as you cannot file 3B without paying tax
Actually amount is less paid in 3b.
remaining paid after 6 months
remaining paid after 6 months
You mean that you have shown sale less?....
Yes as per Section 50 , interest is applicable @ 18% p.a.
I agree with Pankaj Rawat
If tax is paid by using itc only, then also interst has to pay
Yes as per Section 50 , interest is applicable @ 18% p.a. and have paid in cash .
Interst has to pay @ 18%
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