Taxpyer is a railway contractor filed 10 invoice in GSTR 1 in Apr month but one invoice of Rs.1.2Cr was not declared in gstr 3b because it was not clear that the invoice will be accepted in same month by the railway or not. Subsequently invoice was accepted by them in same month.
Now as invoice was already uploaded in R1 of April but tax is paid in the 3B of May 23. Whether Interest liability would be @ 18% and penalty will be imposed or not.
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GSTR 3B Missing invoice
Replies (3)
Yes interest is liable to be paid
Penalty payable or not??
Since you are paying voluntarily there is no penalty but interest will have to be paid
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