Will interest be charged if the GST is paid on time?
This query is : Resolved
26 February 2023
Mr. A had a tax liability of Rs.500000 in December 2017. And he paid the challan of that amount in January 2018. But it was not shown in 3B and that amount is still available in the cash ledger.
Now the GST officer issued notice and asked to pay that tax and he paid that tax through DRC 03.
Now GST officers are also demanding interest to DRC03 date.
please guide
Now the GST officer issued notice and asked to pay that tax and he paid that tax through DRC 03.
Now GST officers are also demanding interest to DRC03 date.
please guide
26 February 2023
Since the liability was not set-off interest will be payable. Merely depositing money in GST Cash ledger do not amount to payment.
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