11 January 2018
Dear Expert, Due to some reason, I have not filed my GSTR-3B for the month of Oct-17 and Nov-17. Now I want to file it. The tax liability for the month of Oct-17 and Nov-17 is less than the Input Credit available. I want ask whether 100% ITC can be used or not. If yes, then whether I have to pay interest on tax liability without considering the ITC or no interest needs to be paid as ITC is more than the liability.. My another query is whether late filing fee is applicable or not. This is beacause while filing GSTR-3B, the option for late fee is not activated at site.
11 January 2018
1. Interest is not applicable if Your ITC is above Your Outward Tax... 2. Late fee is applicable as per latest notification and it's applicable dates.
The Late fee is not reflected / Shows in GSTR 3B column - 5.1. Interest & Late fee Payable. Bcoz, It's reflected after submitted your return. After submit you will see the LATE FEE amount in GSTr 3B Column - 6.1. Payment of Tax & LATE FEE (10)...
CAclubindia
