(1) whether Interest applicable on DRC 03 payment through credit ledger (2)late fee applicable for

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Venkateshwarlu Pulluri (Querist)
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07 June 2026 Respected sir/s
(1) is interest payable on DRC03 payment made through credit ledger
(2) whether late fee applicable for GSTR1 delay filing for previous years FY 2021-22 TO 2023-24 asking on Gst audit

Aashok Kumar Sharma

Aashok Kumar Sharma

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07 June 2026 Interest on DRC-03 via Credit Ledger: If reversing wrongly availed ITC, no interest is payable unless that ITC was actually utilized (Section 50(3)). If paying short output tax, the department may demand interest, but it can be contested if sufficient credit balance existed continuously since the due date.

GSTR-1 Late Fees during Audit: The audit officer has the legal authority under Section 47 to demand late fees for delayed GSTR-1 filings for previous financial years, regardless of whether the portal auto-collected them at the time of filing.

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