Interest on late payment of GST liability
This query is : Resolved
11 February 2022
Respected sir,
In following cases, on which amount interest will be calculated :
Case No 1) Months - Jan 2022 : GST Liability Rs 10000 , ITC Credit Rs 6000 Bal Tax Payable Rs 4000. In this case Due date of tax payment is 20.02.2022 ( GSTR 3B) . But I have submitted such return on 25.02.2022. Then on which amount interest will be calculated ? means Rs 10000 or Rs 4000
Case No 2 ) Months - Dec 2021 : I have submitted Nil Return ( No Purchases No Sales ) on or before 20.01.2022. But now I have to add some sales bill & ITC Credit for Dec 2021 . So at the time of submission of Jan 2022 GST Return , I am going to add renaming sales bills & ITC credit ( For Dec 2021 GST Liability Rs 10000 , ITC Credit Rs 6000 Bal Tax Payable Rs 4000 ) Then on which amount interest will be calculated ? means Rs 10000 or Rs 4000
Case No 3 ) Months - Dec 2021 : I have submitted Return ( with GST Liability Rs 20000 , ITC Credit Rs 35000 Bal ITC Rs 15000.
But now I have to add some sales bill & ITC Credit for Dec 2021 . So at the time of submission of Jan 2022 GST Return , I am going to add renaming sales bills & ITC credit ( new addition amt only For Dec 2021 GST Liability Rs 30000 , ITC Credit Rs 10000 Bal Tax Payable Rs 5000 ( after considering bal ITC) ) Then on which amount interest will be calculated ? means Rs 30000 or Rs 20000 or 15000 or 5000
sir please guide
In following cases, on which amount interest will be calculated :
Case No 1) Months - Jan 2022 : GST Liability Rs 10000 , ITC Credit Rs 6000 Bal Tax Payable Rs 4000. In this case Due date of tax payment is 20.02.2022 ( GSTR 3B) . But I have submitted such return on 25.02.2022. Then on which amount interest will be calculated ? means Rs 10000 or Rs 4000
Case No 2 ) Months - Dec 2021 : I have submitted Nil Return ( No Purchases No Sales ) on or before 20.01.2022. But now I have to add some sales bill & ITC Credit for Dec 2021 . So at the time of submission of Jan 2022 GST Return , I am going to add renaming sales bills & ITC credit ( For Dec 2021 GST Liability Rs 10000 , ITC Credit Rs 6000 Bal Tax Payable Rs 4000 ) Then on which amount interest will be calculated ? means Rs 10000 or Rs 4000
Case No 3 ) Months - Dec 2021 : I have submitted Return ( with GST Liability Rs 20000 , ITC Credit Rs 35000 Bal ITC Rs 15000.
But now I have to add some sales bill & ITC Credit for Dec 2021 . So at the time of submission of Jan 2022 GST Return , I am going to add renaming sales bills & ITC credit ( new addition amt only For Dec 2021 GST Liability Rs 30000 , ITC Credit Rs 10000 Bal Tax Payable Rs 5000 ( after considering bal ITC) ) Then on which amount interest will be calculated ? means Rs 30000 or Rs 20000 or 15000 or 5000
sir please guide
13 February 2022
1) For first query it is 4,000.........
2) For second query it is 10,000........
3) For third it is 30,000.........
2) For second query it is 10,000........
3) For third it is 30,000.........
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