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kumar rajat (187 Points)

07 September 2021  
Dear expert,
ABC LTD co has four bill sales for the month of March 2021 (Taxable value - 1200000 Tax rate 18%). He forgot to show in GSTR -1 and GSTR-3B how much interest he will have to pay if he shows in August 21. please mention Gst section and provisions for GST

Thanking you

 6 Replies

CA Altamush Zafar (GST Consultant) (10960 Points)
Replied 07 September 2021

1200000 X 18% X 18% X 153/365

dcto2 kakinada (21 Points)
Replied 07 September 2021

Sec 50 (3) of CGST ACT 2017

kumar rajat (187 Points)
Replied 08 September 2021

Days calculation ? Because Bill Date 6 March 2021 and Shown GSTR -1 portal 7 sep 2021

CA Altamush Zafar (GST Consultant) (10960 Points)
Replied 08 September 2021

Interest depends upon dates of filing of GSTR3B

kumar rajat (187 Points)
Replied 08 September 2021

Thanks Zafar Sir

CA Altamush Zafar (GST Consultant) (10960 Points)
Replied 08 September 2021

You are welcome....................


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