Question ID :
36876
GST Liability Reporting in GSTR -3B
My Outward liability is 1000.00 rs. and ITC balance is 1500.00 for September 2018 while filing return on date 15.11.18 for september 2018, should i pay any interest (for period 21.10.18 to 15.11.18) as well...? as i don't require to pay any cash because my ITC balance is more than my liability.
Posted by
Satyendra Bhana
on
Nov 30, 2018
Filed Under
GST
Yes, you have to pay interest for late filing of return. I have to pay the same in cash as this is not adjsuted/ paid out of itc in hand . Therefore you have to pay the same in cash.
Posted by
CA. SATISH CHAND GARG on
Dec 02, 2018
Answer ID :
76026
No interest is payable as no tax liability will be there However
Late filing fees will be calculated by System which can be paid at the time of Oct month return
Posted by
Mahesh Kumar on
Dec 02, 2018
Answer ID :
76027
No interest is payable as no tax liability will be there However
Late filing fees will be calculated by System which can be paid at the time of Oct month return
Posted by
Mahesh Kumar on
Dec 02, 2018