Sir if a registered person in gst did not file gstr 1 for July to Dec but file gstr 3b and purchaser took input on the basis of invoice than what remedy available to supplier and purchaser in current F. Y and what would be consequences ?
if purchaser is out of gst audit is he liable for interest and penalty ?
Menu
Mismatch in Gstr 1 and gstr 3b
Replies (5)
Yes, purchaser is liable to pay interest due to ITC taken without matching of invoices (Supplier not filed return)
Supplier must file all pending GSTR 1. Penalty of Rs. 50 per day per return (Maximum 10000 per return)
Supplier must file all pending GSTR 1. Penalty of Rs. 50 per day per return (Maximum 10000 per return)
What will be the interest rate?
18%......
| Originally posted by : SUMIT KARESIA | ||
 |
Sir if a registered person in gst did not file gstr 1 for July to Dec but file gstr 3b and purchaser took input on the basis of invoice than what remedy available to supplier and purchaser in current F. Y and what would be consequences ? if purchaser is out of gst audit is he liable for interest and penalty ? |  |
| Defaulted Return | Late fee under each CGST & SGST / UTGST Law |
|
| Details of Outward Supplies (Ref: Section 37) |
` | ` 25 per day of delay (maximum of ` 5,000) In case of NIL return – ` 10 per day of delay maximum of ` 5000 |
Ravi sir.. You are ✔️
Recent Topic
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
- Professional advance taxes
- Surrender pan process
- Tds on deceased's pan
- Exempt income declaration schedule EI in ITR2 (AY2
- Mold cost invoice in GST return
- WhatsApp document sharing: Client sends Aadhaar, P
- GST Registration Cancelled for Non-Filing Returns
Related Topics
CAclubindia
