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Interest on Gst

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9 Points Posted on 09 April 2021
Dear Experts
We have Deposit Rs 5,00,000/- as Gst Amount on dated 20/01/2018 in respect of December 2017 GSTR-3B and the same amount is credited in our cash ledger but we could not file our return on time, we filled the same on dated 20/03/2018 So you are requested to please suggest that we have to pay interest for two months or not.
plz suggest with sections
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On 09 April 2021 at 00:27 Report
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1011 Points Posted on 09 April 2021
To pay
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On 09 April 2021 at 09:20
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BUSINESS DEVELOPMENT MANAGER
1697 Points Posted on 09 April 2021

Yes, you have to pay interest for two months 

 

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On 09 April 2021 at 11:09
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791 Points Posted on 09 April 2021
Yes. you have pay intetest for two month 18%Pa(1.5% pm) under section 50 Cgst Act
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On 09 April 2021 at 11:09
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CMA
13117 Points Posted on 09 April 2021
As I understand, interest may not be applicable in this case (provided there is no further liability for the month after considering ₹5 lacs payment) because payment has been made within the due date. However, late fee in respect of delay in filing of return would be applicable.
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On 09 April 2021 at 13:38


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