my client recieved credit note in June month and he is not eligible for ITC so how to pay interest in June return and also how to reverse credit and pay liability as well as interest in gstr3b
what is the procedure???
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interest on tax due
Replies (1)
No need to deposit the interest :
I suppose that You must have received the Bill for that particular CNT , So just reverse the same & reduce your ITC for June month equal to the value in CNT. & Show the net ITC for the month, thats all.... It's routine procedure ,..Bill Raise & CNT raise Against it.
Yes anything if you feel that interest is to be paid then plz elaborate your query so that reply can more precise.
I suppose that You must have received the Bill for that particular CNT , So just reverse the same & reduce your ITC for June month equal to the value in CNT. & Show the net ITC for the month, thats all.... It's routine procedure ,..Bill Raise & CNT raise Against it.
Yes anything if you feel that interest is to be paid then plz elaborate your query so that reply can more precise.
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