INTEREST

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student
952 Points Joined April 2016
On which amount Interest will be payable @ 24%
1. ITC which is filled in GSTR-3B
OR
2. ITC utilised in GSTR-3B (outward liability setoff)
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On 19 November 2018 at 17:14 Report
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GST Practitioner
55067 Points Joined June 2017
As per Section 50(3) CGST Act , in both the condition its 24%
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On 19 November 2018 at 17:37
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student
952 Points Joined April 2016
i mean
if i have claimed 10000 credit in in GSTR-3B
and only utilised 5000 in that particular month that was wrong.
so on which amount i have to pay the interest
5000 or 10000?
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On 21 November 2018 at 08:13
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GST Practitioner
55067 Points Joined June 2017

dear,

i could not get you, ..... "you wrongly claimed 10000/- itc instead of 5000/- ...is it so.....

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On 21 November 2018 at 17:15


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