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?
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.
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