Interest related

[Ramesh Prajapati]

Sir,

A dealer has submitted gstr 3b of July 17 with following detalis.

Output gst 100000

Itc 80000

Net gst paid 20000

Later he rectified above data in December 17 gstr 3b as under

Output tax 250000

Itc 150000 (

Net gst 100000(itc adjusted from credit ledger)

My question is on which amount interest would be payable

250000, 100000 or other?

My dout.. As dealer has adjusted itc in December, he would liable to pay interest on entire amount of output i. E 250000 from August to December

Pl guide

AI Summary

Interest on incremental GST liability accrues from the original due date until payment on the increased tax shortfall.
Interest is payable on the incremental net GST liability created by the revised return-the difference between the originally declared net tax and the revised net tax after allowing only those input tax credits admissible for the original period-and accrues from the original due date (or statutory accrual start) until the date the additional tax is paid.