Goods and Services Tax – Started By: – Yugank Goel – Dated:- 1-6-2018 Last Replied Date:- 7-6-2018 – Dear All, There is a issue which I had discussed with many consultants but I found that this is debatable as every consultant comes with their own view which is different from others. Please help me to solve this. We have not submitted the GSTR 3B returns for past 3-4 months but we have deposited the tax amount timely. We just want to know that when we will file the return, shall we have to pay interest also on amount which we have already paid in advance as we have not setoff our GST liability or there will be only penalty for late filing. – Reply By YAGAY and SUN – The Reply = CBEC withdraws the reduction in Late fees for GSTR-5A charged
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re any provision that tax paid in advance without being setoff the liability in GSTR3B still be liable for interest for the output liability????? – Reply By Praveen Nair – The Reply = Dear Yugank If there are no change in the Output liability and the amount paid advance (credit / cash) is unutilized as on the date of filing the GSTR3B return, which you desire to file with the late payment fees, it is a matter of representation to the right authority. No interest is leviable. Regards Pravin Nair – Reply By Mahadev R – The Reply = In GST law, tax amounts are deemed to be paid only when they are adjusted with the liability in liability register which can happen only on filing the return. Just deposit without filing return would attract interes
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