In the month of september output tax value was rs.100000(tax part) but bymistake i entered as 10000. But GSTR_1 was correctly filled by me with original figure . (But even i have written the original amout that is 100000 i will be getting excess INPUT in my credit ledger).....
In the month of December after noticing my mistake i have rectified it.
From september to december month even if i would have entered the original figure that is (100000) i will not get any tax liability .
As per the recent circullar which was issued should I need to pay the interes??
PLEASE DO HELP ME OUT TO CLARIFY MY DOUBT.
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Query in interest
Replies (7)
Yes you need to pay interest as per second 53
Yes... interest will be payable if You have not payable liability at the time of filling Your return...
Sir but i have input in my credit ledger
That's not matter. If you missed sales details in any of the month then interest applicable & payable for missed values...
It was not done wantedly sir its a typing mistake we dont have revised retun also
The Mistakes makes voluntarily or mistakenly interest will be payable for the lesser value shown in GST returns...
( You can further move with the details to Your circle officer and explain the mistakes. They can support if it's possible )
( You can further move with the details to Your circle officer and explain the mistakes. They can support if it's possible )
Okay sir thank q
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