Mam, If ITC is Rs 150. And Output tax is Rs 100. There is a delay of 2 days in filing GSTR-3B. Query-
a) Whether interest should be paid due to delayed filing of 3B ?
b) what is the late fees to be paid??
2) If Input IGST is Rs 150. And Input CGST & SGST is Rs 50 each. Output CGST & SGST is Rs 200 each. So, net SGST payable is Rs 150. If there is delay of 2 days in filing GSTR-3B , then whether only SGST interest @ 18% should be paid ??
Thanks..
chirag111 Asked question December 25, 2020
1 a) No.
b) Rs 200 per day i.e. Rs 400/- (200 CGST + 200 SGST).
2) Intt will apply on net tax liability (after ITC).
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Frah Saeed Changed status to publish January 13, 2021