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rectified by 3b

22 June 2018

missed sale of a month in 3b will be rectified by r1 and only its tax will be settled by next 3b with interest or we hv to add inv value in 3b and how to calculate interest? plz guide me Raja PM sir?

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3 Replies

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 22 June 2018

First of thank you for the Opportunity to me for using my name....

As per Your query ;

If You are missed some outward supplies related values in Your GSTR 3B if previous month and You have tax liability in the previous month...

Then You show the missed values in Your next GSTR 3B return and Pay with interest. Interest will be payable only on the missed value...

As per Section 50(3) of CGST Act, you shall be charged the interest at the rate of 24% p.a. in respect of such invoice.

Say the missed tax value is Rs. 10000 no of days 30.

Rs. 10000 (x) 24% (/) 365 (x) 30 days = Rs 197 is Your interest...

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Saurabh Kumar (116 Points)
Replied 22 June 2018

suppose our current sale is 1 lakh and missed sale value of other month is 10 thousand then in 3b we have to show our sale 1lakh 10 thousand or just we hv to add tax with tax of 1 lakh .