GST on interest for late payment has to be paid in the month in which it is received. Since you have received interest in the month of June,21, then you need to discharge GST liability on the same in GSTR 3B of June 21, not in Jan 21 (Month of Original Bill). Hence you are not required to pay interest on your GST liability i.e. Rs 1440. In case of further assistance, feel free to contact us on [email protected]
My gst number was in the state of "cancelled suo moto".I filed all my pending returns upto the date of cancellation.Effective cancellation date is 19.03.2021. in gst portal i can't file revocation of application. What should I do now to get active gst number
If an individual has received a compensation / reward / muafza from the goverment against the compulsory land acquisition to exapnd highway then where should we declare such amount in Income tax while filing the ITR ?
If i file my return u/s 44 ad for the past 3 years, turnover respectively Rs. 1.2 crore , 1 crore , 95 lakhs.Then i file my return in the 4 th year (turnover Rs.93 lakhs) under normal peovisions, with maintaing books of accounts. If am i eligible to file u/s 44 ad in the next year i.e 5 th year, assume that my turnover in the 5 th year is 98 lakhs???
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