Intt. on GST agst reversal of ITC agst mfg Tax Free Goods.
This query is : Resolved
04 February 2020
We paid GST against reversal of ITC against manufacturing Tax Free Goods but interest is pending. My question is that "Is there any interest on interest payable" kindly suggest what are the consequences against non payment of interest.
04 February 2020
No interest on internet payable. But penalty on interest levied in case notice issued and action taken for non payment.
04 February 2020
How much penalty on interest levied in case notice issued and action taken for non payment.
04 February 2020
Upto 100% penalty payable.
04 February 2020
OK, Thanks for your valuable views.
04 February 2020
Welcome...............
Message likes :
1 times
13 June 2020
Dear sir,
I filed our GSTR-3B for the month of March 2020 in time but missed 1 purchase invoice and could not claim ITC on that invoice. Now guide me how can I claim the said ITC as the same is shown in GSTR-2A for the month of March2020.
I filed our GSTR-3B for the month of March 2020 in time but missed 1 purchase invoice and could not claim ITC on that invoice. Now guide me how can I claim the said ITC as the same is shown in GSTR-2A for the month of March2020.
13 June 2020
Claim it in April GSTR 3 b such omissions can be claimed upto September return. In the annual return for 2019-20 it will be clubbed.
13 June 2020
Thank you so much sir.
30 June 2020
In our sisters concern we are filing returns on quarterly basis as the turnover of the said concern is less than 1.5 crore. All the sales are made from this concern in the name of our another manufacturing concern in the month of January 2020 and there was no sale in feb & march 2020. we filed all the GSTR-3B returns in time and paid GST accordingly. But wrongly we filed nil GSTR-1 for march 2020 instead of GSTR3B. Can we show the sales in 1st Qtr. of 2020-21 and ammend B2B (dates of the bills) to cliam GST input for our concern in which we purchased the material. Please guide us.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Import license renewal
- Credit profit and loss account in case of bonus share received
- How to determine cost of acquisition of shares on De-merger or Merger
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
