Dear experts,
I have filed GSTR3b for the month of aug-17 but some mistake done at the time of filing return now my gst liability for the month of Aug is increase . Can I revised gstr3b now.
if any penalty applicable.
Yogesh Mahajan (25 Points)
18 December 2017
Manas Das
(1431 Points)
Replied 18 December 2017
RAJA P M
("Do the Right Thing...!!!")
(127921 Points)
Replied 18 December 2017
Kumud Pratihast
(Expert)
(29 Points)
Replied 18 December 2017
Yogesh Mahajan
(25 Points)
Replied 19 December 2017
Sheetal Jain
(.)
(894 Points)
Replied 19 December 2017
You can't revise the GSTR 3B.
You have to make the excess payment arising with interest.
Rate of interest- The rate of interest has been fixed by the Government on the recommendations of the council which is mentioned as below:
| Section | Circumstances | Rate |
|---|---|---|
| 50(1) | Delay in payment of tax, in full or in part | 18% per annum |
| 50(3) | Undue or excess claim of input tax credit u/s 42(10) | 24% per annum |
| 50(3) | Undue or excess reduction in output tax liability u/s 43(10) | 24% per annum |
RAJA P M
("Do the Right Thing...!!!")
(127921 Points)
Replied 19 December 2017
Manas Das
(1431 Points)
Replied 19 December 2017
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