Will interest be charged if the GST is paid on time?
This query is : Resolved
26 February 2023
Mr. A had a tax liability of Rs.500000 in December 2017. And he paid the challan of that amount in January 2018. But it was not shown in 3B and that amount is still available in the cash ledger.
Now the GST officer issued notice and asked to pay that tax and he paid that tax through DRC 03.
Now GST officers are also demanding interest to DRC03 date.
please guide
Now the GST officer issued notice and asked to pay that tax and he paid that tax through DRC 03.
Now GST officers are also demanding interest to DRC03 date.
please guide
CA Altamush Zafar
(Expert)
26 February 2023
Since the liability was not set-off interest will be payable. Merely depositing money in GST Cash ledger do not amount to payment.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Movement of goods by packers and movers - type of sale - Reg.
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Missed uploading GST Invoice
- Query on effect of registration of property
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
