Gst.......
This query is : Resolved
11 February 2026
If an outward supply pertaining to April was not reported in April GSTR-1/3B and is now reported in September GSTR-1, with tax also paid in September 3B, will interest under Section 50 be applicable?
The buyer has claimed ITC in September based on the invoice reflected in GSTR-2B.
Kindly clarify:
Whether interest is mandatory in this case.
From which date to which date should interest be calculated.
Whether any relief is available if tax is paid voluntarily before notice.
The buyer has claimed ITC in September based on the invoice reflected in GSTR-2B.
Kindly clarify:
Whether interest is mandatory in this case.
From which date to which date should interest be calculated.
Whether any relief is available if tax is paid voluntarily before notice.
12 February 2026
Yes, interest under Section 50 is mandatory.
Interest is payable:
From 21st May (due date of April 3B)
Till actual date of tax payment in September 3B
Voluntary payment avoids penalty but does not remove interest liability.
Buyer’s ITC claim timing does not affect interest.
Interest is payable:
From 21st May (due date of April 3B)
Till actual date of tax payment in September 3B
Voluntary payment avoids penalty but does not remove interest liability.
Buyer’s ITC claim timing does not affect interest.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Supply through E-commerce Operators
- STCG....................................................
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Relief u/s Section 89
- Specified Profession
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- SALE BILL AGAINST GOODS RETURN
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
