Interest on gst amount for missed sales
This query is : Resolved
16 February 2018
X Company forgot some sales of Rs 100000 /- Taxable value @18%. in Sept 2017 In GSTR -3B and also forgot to file in the GSTR-1 in Quarterly Return ie in Sept 2017 the same invoices.
Company also filed GSTR-1 for Q3 ie Dec 2017 ended without considering the above invoice.
My question is what is the interest amount ? for SGST and CGST?
and how to rectify that mistake now.
Company also filed GSTR-1 for Q3 ie Dec 2017 ended without considering the above invoice.
My question is what is the interest amount ? for SGST and CGST?
and how to rectify that mistake now.
16 February 2018
Late payment interest is 18%.
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