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late deposit of gst

18 June 2018

vendor deposited gst late in Mar 2018 instead of Jan 2018 against gst invoice dt 22/12/2017 for rs 399000. PL clarify whether ITC will be available for full amount rs 399000.

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6 Replies

Nihar Ranjan Rout (CA Final & CS Final) (577 Points)
Replied 18 June 2018

ITC should be available for full amount. But for late deposit of GST interest would be chargeable @ 18%.

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Vinod Kakkar (84 Points)
Replied 18 June 2018

we are client. vendor raised gst invoice in December 2017.GST payment was made in December 2017 to vendor by client.
vendor deposited GST and GST Portal in Mar 2018. please clarify whether any penalty is payable by vendor.

Ravi SADhiyan (Practice) (4510 Points)
Replied 18 June 2018

Originally posted by : Vinod Kakkar
	vendor deposited gst late in Mar 2018 instead of Jan 2018 against gst invoice dt 22/12/2017 for rs 399000. PL clarify whether ITC will be available for full amount rs 399000.