31 October 2017
Dear Sir, I have a query regarding GST payable clarification for the month of July'2017. I have successfully submitted & Filed GSTR-3B for July'2017 month, when I filed GSTR-3B my Input credit was excess and all liabilities was adjusted with Input credits. There was some invoices are missed to be recorded for july month and Liability arises for CGST, SGST & IGST. I have filed GSTR-1 & About to File GSTR-2. Can you please explain me, Is there any interest to be pay with tax liabilities, If yes how to calculate interest. Please explain with imaginary figures.
01 November 2017
Thanks, Sir... I have deposited the liability amount in the cash ledger and It is showing in cash ledger balance. Can you explain me how to pay against July-2017.
01 November 2017
You just caculate Interest on your balance liability and pay with Challan. Also when you file GSTR 3 at the time you ll offset the liability and Interest as per your actual transactions...
CAclubindia
