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
Menu
Interest related
Replies (6)
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....................
Recent Threads
- ITR-2 Payment Made but Status Not Updated
- Need help for ITR filing
- ITR Updated returns. Time limit for filing
- ITR 2 Processed and Refund Credited to Bank
- Freelancer or Salaried
- LTCG Tax & Indexation on Debt Mutual Funds Sol
- Section 45(5A) and 194IC with carry forward of tds
- Paid tax amount, CIN generated and challan downloa
- INTRADAY INCOME PRESUMPTIVE INCOME
- Clarification on Deemed Export Status for EOU-to-E
Related Threads
CAclubindia
