Payment of IGST interest on GST

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This query is : Resolved

Quick Summary

If you've received an intimation for IGST interest due to delayed GST return filing, you'll need to pay it using DRC-03. This form requires statewise details, which can be tricky after input tax credit set-off. The key is to declare the Place of Supply as the state where you are registered, and you can allocate cash payments across different states as declared in your DRC-03.

SHYAM KRISHNAN K

SHYAM KRISHNAN K (Querist)

26 September 2023 I have received an intimation from GST official regarding payment of interest due to delay in filing return, while pay the same through DRC-03, there i require to declare statewise details. how can i determine the state properly, becouse the tax due has arised after set off of inputs.

CA Shyam Agrawal

CA Shyam Agrawal (Expert)

28 September 2023 TAX PAID IN CASH CAN BE CONSIDERED IN ANY ONE OR MORE STATE(S), AS DECLARED BY YOU IN DRC 03

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)

16 January 2024 Place of supply (POS) should be 'the state/union territory' where you are registered, while paying against wrongly availed ITC/Interest etc under the head of 'IGST'.

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