Interest on GST late payment

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If you upload invoices for a previous period (e.g., April) in a later return (e.g., September) and pay the GST in that later period, you will likely be liable to pay interest. This is because the tax was not paid by the original due date. Section 50(1) of the GST Act generally mandates interest for delayed tax payments, and this is considered a case of delayed payment due to the late filing and payment of the liability.

Suresh S. Tejwani online

Suresh S. Tejwani online

(Querist)
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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)
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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)
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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.