Review late fee paid by your client is properly credited back. Late fee was waived off for the months of July, August and September. Late fee should appear under 'Tax' in your clients' Electronic Credit Ledger.
Since GSTR-2 and GSTR-3 are on hold for now, most businesses would be claiming ITC on provisional basis when filing GSTR-3B. If ultimately this credit is not matched or tax has not been properly deposited by the supplier, the business will run the risk of losing credit as well as paying penalty on the ITC claimed by it.
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