Vijay Nandaniya (Audit Manager) (77 Points)
19 May 2022One Of My Clients (Quarterly Filling)
Has single Supplier Pvt Ltd (Monthly Filling) Due to new year software updation they late file GSTR-1 after due date on 15/05/2022
So ITC amount to Rs. 2,85,000/- Not Reflect in April -2B
and on Regular Practice, we have file client GSTR 1 on Due Date with Liability of Rs.2,62.885/-
What to do in this position for Tax Payment
Rajendra Prasad
(Employee Private)
(1867 Points)
Replied 19 May 2022
As per provisions you have to pay tax in Cash. There is no other go. If you have availed ITC amount, with out available in GSTR 2B, 1 Month interest has to be paid further.
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