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.
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 |
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