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Payment of interest on belated R3B returns filing

LAKSHMI KANTH (TAX CONSULTANT) (449 Points)

15 May 2019

Sir. For belated the R3B returns for the F.Y. 2018-2019, i have calculated interest and it is about Rs. 5 laksh in three heads ie IGST, CGST and SGST. So, now can i report and pay the same in April R3B return and file, but interest belongs to entire year, or any other mode for payment of such interest. kindly advice.

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8 Replies

abhishek bardia (partner) (308 Points)
Replied 15 May 2019

sir my advice will be to wait and pay the interest when demand arises. Since you have already paid the liability the interest amount won't escalate. Because is applicable on late payment of tax and since you have already cleared the tax payment you can wait and pay

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daksham raj (38 Points)
Replied 15 May 2019

make payment voluntary through DRC 03

LAKSHMI KANTH (TAX CONSULTANT) (449 Points)
Replied 15 May 2019

sir. but what i heard was the DRC will get opened only when at the time of filing of annual returns, ia it correct ?

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 15 May 2019

DRC 03 is available on portal , but its better to report interest in Table 5.1 of GSTR 3B

LAKSHMI KANTH (TAX CONSULTANT) (449 Points)
Replied 15 May 2019

but sir, now i would like to pay interest for the complete year ie f.y 2018-2019, so if i report in one month R3B retrun ie in the month of April 2019 R3B, tomorrow the dept. may come and say, no, no, you have paid for the interest for the month of April 2019 only, so i can not allow it for the other months.? then what to do?