suppose I have purchased something from a registered dealer. now I m entitled to credit. now the dealer did not file his gstr 1 by 15th of next month. now does that mean I won't be able to take credit of inputs and file my gstr 2 by due date?
and wat r the consequences dealer has to bear if he files all his return late i.e after 15 or so.
please ne1 guide
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Consequences of late filing
Replies (5)
every late filling will attract late fees u/s 47 i.e. 100 per day.
if I paid 6% cgst and 6% sgst in RCM and whole amount sale in igst 12%
then how can I calculate my set off And liability
then how can I calculate my set off And liability
look..you will get the credit ..but If the seller doesn't rectify his mistake with in 2 month ..then your provisional credit will be reversed..
u have to discharge your RCM liability in cash and u can utilise it's credit in setting off output liability...manner of setting off igst liability will be ...first use cgst and then sgst
@ Aman.,
Your supplier can't filed timely. Then you can edit/enter your purchase details in GSTR 2. Also send the notification to your supplier. They ll be accept your reply then no need action.
If he's is not responding then you can pay tax for the amount including.....
Your supplier can't filed timely. Then you can edit/enter your purchase details in GSTR 2. Also send the notification to your supplier. They ll be accept your reply then no need action.
If he's is not responding then you can pay tax for the amount including.....
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