Sir if a registered person in gst did not file gstr 1 for July to Dec but file gstr 3b and purchaser took input on the basis of invoice than what remedy available to supplier and purchaser in current F. Y and what would be consequences ?
if purchaser is out of gst audit is he liable for interest and penalty ?
Yes, purchaser is liable to pay interest due to ITC taken without matching of invoices (Supplier not filed return)
Supplier must file all pending GSTR 1. Penalty of Rs. 50 per day per return (Maximum 10000 per return)
CAclubindia
