Hi
Can anyone tell me what can I do for missed invoices of sales & purchases of January month? How much interest I have to pay in both cases?
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Missed Invoices
Replies (6)
18% interest have to be paid in your case from due date date of liability till payment date
24% is paybale if wrongly claimed ITC or fraudulently Lowered output liability shown.
18% p.a. to be calculated on daily basis from due date till date of payment.
Ok, but I forgot to show 1 ITC invoice in GSTR3B in January month, I didn't lowered output liability. I pay more than liability that I have to pay due to unclaimed ITC. Is I am still liable to pay interest on unclaimed ITC?
no interest for unclaimed ITC.
Only on that part of Unclaimed input tax you are not liable, still you can claim it before 20 oct and date of annual return (earlier)
Missed out invoices can be added in next month 3B returns with interest as told by our CCI members.
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