Missing invoices will attract interest

Originally posted by : S.RAMA
	4 invoices of may 2020 was missed to be added while filing gstr3b gstr1 of may2020. can it be added now and whether interest is levied on tax amount of missing tax invoices . how much % and how to disclose in gstr1.pls guide.tnx

Yes u shall show the same in the current tax period along with interest @ 18 %

Take a note date the invoice in may itself otherwise it will be an issue for recipient to claim ITC in the month of may

FINE, THANKS FOR THE RE[PLY,  BUT HOW TO CCALCULATE THE INTEREST AMT.  LIKE  INTEREST SD BE CALCULTAED  FROM THE MAY2020 TO DEC 2020 @ 18% ON THE GST AMT RIGHT

HI ALL,

WITH reference to the above discussion,  FOR ONE OF THE CLIENT,  4 bills (each  belong to diferent months) have been missed and till nov gstr1 and gstr3b was filed as NIL return.

currently, THE ITC AVAILABLE IS 14950/- WHILE THE gst payable for the 4 bills comes to 32000/-. , i have 2 doubts, 

1.  the interst to be paid on the net tax payable of  17050/-(after seting of ITC) FOR HOW MANY DAYS SINCE THOSE 4 BILLS BELONGS TO VARIOUS  MONTHS.

2.  tHE CLIENT had received manpower service from anther service provider for which invoice was raised on RCM basis . so does the client need to pay tax for this inward bill  or can reject this rcm gst bill and inform the vendor to pay the whole gst by the vendor.

pls clarifythnx