Interest on GST late payment

This query is : Resolved

Suresh S. Tejwani (Querist)
Follow

23 January 2024 Mr.A has uploaded invoice of April - 2023 in GSTR 1 of Sept - 23 and make payment in GSTR 3B of Sept - 23 .

Whether Mr.A is laible to payment interest on such payment or not ? Please specify notification.

RAJA P M

RAJA P M (Expert)
Follow

23 January 2024 Yes, Interest is payable for the missed liability of GST (April moths invoice uploaded in sep)

RAJA P M

RAJA P M (Expert)
Follow

23 January 2024 https://taxguru.in/goods-and-service-tax/interest-delayed-payment-tax-section-50-gst-act-analysis.html#:~:text=As%20per%20section%2050(1,50%20is%20automatic%20and%20mandatory.

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
Follow

24 January 2024 yes under section 50(3) as this is the case of missing invoice uploaded later and tax paid later.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

UPENDRAN YADAV

ramesh kumar

Ashutosh Purohit

MUNISH KUMAR

efiletax

Subscribe Now

Interest on GST late payment

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA