Hi Veryone,
We have made a sale in Dec around 12 Lac.. The same was not considered in GSTR 3B but considered in GSTR 1 Return.
Now my doubt is what about the liability how can we set off.
Do we need to pay th GST for the with interest.
Since we have input credit carry forward every month.
Kindly give me solution.
As you didn't consider the sale in December GSTR-3B that means you have not deposited the GST accrued on those sales. Therefore, you have to deposit now with interest @ 18% p.a. If you have enough ITC, you can adjust the same with this not-reported output liability but Interest to be paid in cash only.
CAclubindia
