GST under RCM on GTA services has not been paid since 13th october 2017 thinking RCM is fully suspended till March 31st. GST Tax liability is 15,713/-
1. How to calculate Penalty & interest on this liability?
2. How & where such liability need to show in GSTR 3B & 2?
Thanks in advance.
You need to charge GST at 18% PA.
If you pay tax now, then there will be not penalty amount. If you do not pay tax and officer finds it then penalty will be applicable.
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