Gst interest
This query is : Resolved
22 May 2019
Sir, My tax practioner filled GSTR3B of my firm from July 17 to Nov 17, at the time of filling of return he entered Interest for delay payment of GST in the month of Aug 17 & Sep17, amount of which i think wrong. But when i chased him for his mistrake , he says that the Interest for late payment of GST for the month of July was automatically calculated at the time of filling of GSTR3B for the month of Aug & for Aug at the time of Sep.by the GST portal.My question is it actually possible that Interest was automatically calcuate at the time of filling GSTR3B of current month for previous month.by the portal, kindly explain, Also he does not mention any exempt sale, non gst item &Hsn code in anywhare of the returns.
Read more at: https://www.caclubindia.com/experts/interest-calculation-automatically-under-gst-2737724.asp
Read more at: https://www.caclubindia.com/experts/interest-calculation-automatically-under-gst-2737724.asp
22 May 2019
No...
Interest can't calculate automatically in GSTR 3B. It's only through calculate ourselves....
#-Late Fee only calculate Automatically.
24 May 2019
Late fees in calculated automatically. As far as exempt sale, HSN Summary and Non GST sale are concerned they should have been filed. But you can still disclose them in GSTR-9
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