Must to pay Interest for delay filing of GSTR-3B ?

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This query is : Resolved

Quick Summary

A GST notice has been issued for non-payment of interest on delayed GSTR-3B filings between September 2017 and May 2019, under Section-50(1) of the CGST Act. The query confirms that interest is indeed payable on net cash liability when GSTR-3B filing is delayed. For those needing more time to pay, it's advised to contact or write to the jurisdictional officer to request an extension.

Bhumit

Bhumit (Querist)

29 April 2022 Our firm got a notice from GST Department for Non-payment of Interest for delay filing of GSTR-3B returns under Section-50(1) of CGST Act, 2017 (Sept-17 To May-19).
My Query is
1) It is a must to pay the interest amount? if not please describe the solution.
2) In this notice, mention that in 7 days we have to pay the interest amount...If we want more time to pay can we get it? if yes please describe how?

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)

05 May 2022 Yes under section 50, interest is payable on net cash liability if any that is if any outward liability is there after setting off of ITC and 3B has been delayed. for further extension of time you may write or contact the jurisdictional officer.

Bhumit

Bhumit (Querist)

06 May 2022 Thanks Abhishak sir But can you share format for further extension of time to the jurisdictional officer.

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