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Regarding filing of GSTR3B of March 2020, Goods and Services Tax - GST

Issue Id: - 117400
Dated: 4-8-2021
By:- KERAGODEGOPALARAO ANANTHARAO
Regarding filing of GSTR3B of March 2020

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Dear Sir,

In case of GSTR-3B of March 2020, Outward supplies and output tax has not been declared but tax has been paid and filed the GSTR-3B nil return. GSTR-1 is filed with declaring outward supplies.

Subsequently there was refund in initial months of April to July 2020: tax payable in later months after August 2020.returns are filed in time by making use of Tax paid for the month March 2020.

Now we have to declare the Outward supplies of March 2020 in current GSTR-3B, As we paid the taxes in March 2020 itself, Is interest is payable on GST of March 2020 or not.

Please clarify sir.

Your's Faithfully,

K G Anantha Rao

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Posts / Replies

Showing Replies 1 to 2 of 2 Records

1 Dated: 4-8-2021
By:- Shilpi Jain

Interest will be liable. Just by postponing the liability in order to use credit, interest liability cannot be escaped


2 Dated: 4-8-2021
By:- Ganeshan Kalyani

Sir, payment made is considered as money deposited into your Electronic Cash Ledger. It is considered as paid against any liability when it is adjusted /offset through GSTR 3B only. Hence, in my view also interest is payable.


1

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