Intt on gstr3b and TDS

232 views 3 replies

Rajat Sharma

Accountant

583 Points Joined September 2017

Respected Sir, in the year 22-23 proper officer intimate us regarding diff between gstr3b and TDS for Rs more than 173000/-and in this regard I have filed an reply and accepted my liability.That now after more than one year later proper officer asked us to deposit the tax of difference with interest by calculating intt till date whereas more than one year old We are agreed to deposit the demand.Sir I want to know that when we are already interested to deposit the said demand can proper officer imposed the intt till date.Sir in this regard I also want to know regarding the sections.Thanks

Replies (3)

Rama chary Rachakonda

Master in Accounts & high court Advocate

9111 Points Joined December 2011

I'm assuming you want to know about the interest on late payment of GST (GSTR-3B) and TDS. Interest on Late Payment of GST (GSTR-3B): - Interest is applicable if GST payment is made after the due date - Interest rate: 18% per annum - Calculation: Interest is calculated on the tax liability, starting from the next day after the due date TDS (Tax Deducted at Source): - TDS is applicable on certain payments, like salaries, rent, and professional fees - Rate varies depending on the payment type and recipient status (resident, non-resident, etc.) - Deductor must deposit TDS with the government and issue a TDS certificate !

Rama chary Rachakonda

Master in Accounts & high court Advocate

9111 Points Joined December 2011

CS Advocate Abhishek Goyal

M Com FCS LLB M-AIMA

14032 Points Joined June 2009

in this case you could have paid the liability with interest yourself once you accepted the liability. So now you can't take the stand that additional interest is not acceptable because of delay on the part of officer.