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File nil return. liability Discharge DRC 03 from itc. interest payable or not

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5 Points Posted on 16 March 2024
I had a liability in the financial year 2017-2018. I had filed zero GST return. Had taken ITC claim. Now what interest payment will have to be made from the liability ITC DRC 03 for the financial year 2017-2018. ITC is in Credit Ledger since 2017-2018.
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On 16 March 2024 at 07:46 Report
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Profession Business
28207 Points Posted on 16 March 2024
Liability nil zero
Post details it will be filed
I'll
44 Reply
On 16 March 2024 at 08:32
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Employee Private
1913 Points Posted on 16 March 2024

Interest is applicable as per Section 50 of CGST / SGST Act 2017.

6 Reply
On 16 March 2024 at 09:49


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