Greetings,
one of our client have declared taxable supplies in gstr 1 of 2017-18. Since gst was just introduced and without much awareness he not declared any taxable supplies in gstr 3B and did not set off the liabilities against Input tax credit. Now notice is received from department to pay whatever declared in GSTR 1 under section 73 of gst act. For good extent of output tax there is ITC available in gstr 2A of FY 2017-18 but it is not claimed in GSTR 3B of the FY. Now department is demanding full amount of Tax as declared in GSTR 1 with interest..... Any solutions...
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Taxable Sales d in GSTR 1 but NIL gstr 3b filed for 2017-18
Replies (4)
Quick Summary
First do the fy 2017-18 gst reconciliation and pay tax with interest. Now there is no option to defend for the fy 2017-18
Yes you are required to deposit full tax liability which you miss to capture in GSTR 3B.
Is there any opportunity for waiver of interest... since it belong to 2017-18 the interest component itself is more than the tax amount
No such waiver or upper limit for interest as per my knowledge
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