Interest on gst payment
This query is : Resolved
Sunny Sharma
(Querist)
02 June 2019
Sir
I make payment of gst within due date of RS 120000 and it's shown in electronic cash ledger. But I am unable to file return on time i.e. I have file return after due date .
My question is can I pay interest on this amount @18% due to late filling of return?
I make payment of gst within due date of RS 120000 and it's shown in electronic cash ledger. But I am unable to file return on time i.e. I have file return after due date .
My question is can I pay interest on this amount @18% due to late filling of return?
CA R SEETHARAMAN
(Expert)
02 June 2019
Interest not applicable as gst paid within due date but you have to pay late filing fees.
Sunny Sharma
(Querist)
02 June 2019
But in case of gstr 7 why interest should be levied even payment made within due date but return file after due date, as such late fees should only be levied.
CA R SEETHARAMAN
(Expert)
02 June 2019
Yes you are right interest should not be levied, if levied it may be software error take up the issue to officials of GST.
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