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
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Interest related
Replies (6)
Quick Summary
1200000 X 18% X 18% X 153/365
Sec 50 (3) of CGST ACT 2017
Days calculation ? Because Bill Date 6 March 2021 and Shown GSTR -1 portal 7 sep 2021
Interest depends upon dates of filing of GSTR3B
Thanks Zafar Sir
You are welcome....................
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