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Irregular availment of Input Tax Credit

This query is : Resolved 
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(Querist)
06 February 2024 Hi,
I filed my feb 2018 GST returns in March 2019 . As per the GSTR-3B
returns by violating the provisions of section 16(4) of CGST Act, 2017).I have received show cause notice, I have already closed my business. Further I can pay the principle liability but the interest amount is farfetched, can you tell me if I need to pay interest till date.Is there any way to avoid it
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RAJA P M

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RAJA P M (Expert)
06 February 2024 Yes, Interest is payable as per SCN.
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CA. Bhavik P. Chudasama

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CA. Bhavik P. Chudasama (Expert)
07 February 2024 Yes as per GST Law you are liable to Pay Interest because your any demand or interest or penalty upto the date of cancellation cannot be waived or denied.
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