Suppose I have GST Liability of 1 Lakh and due date for 3b is 20.10.2021 I paid the my GST liability of R s. 1 Lakh on 20.10.2021 but i filed my 3b on 30.10.2021 do I need to pay the interest for 10days on my cash liability??
2 Replies
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 27 January 2022
If you offsetted the ledger then no interest otherwise interest will be levied.
Nidhi
(Chief Accountant)
(3150 Points)
Replied 28 January 2022
If u have offesetted the GST liability, than no liability to pay additional interest.
In than 1 lakh is in cash ledger till 30.10.21 than u have to pay additional interest
In than 1 lakh is in cash ledger till 30.10.21 than u have to pay additional interest
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