July 3b_interest liability

146 views 2 replies

Hi Team, 

I have a query related to interest liability due to 3B.

I have filed 3B for July where in outward supplies table, in SGST column I have wrongly entered Rs.100 instead of Rs. 1000. I have made payment for Rs. 1000 but was able to avail credit only of Rs.  100 and balance Rs. 900 was appearing in my Cash Ledger. 

I have filed my GSTR 1 correctly. 

My question is..... Will I be liable to discharge interest on that Rs. 900 while filing GSTR 3?

Please reply ASAP in case someone has faced the same issue or is having solution for this issue. 

Replies (2)
Any tax liability which was not OFFSET will attract interest. Even though you had sufficient or large balance in your cash ledger you will not be spared. The CASH ledger is just a WALLET OF GST.
Again any penalty / Interest/ late fee has to be separately paid into the wallet. I mean any cash ledger credit in SGST /CGST/IGST cannot be offset for above items

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