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??
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Interest Calculation under sec 50
Replies (2)
If you offsetted the ledger then no interest otherwise interest will be levied.
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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