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

This discussion addresses GST interest implications for the 2017-2018 financial year when a nil return was filed but Input Tax Credit (ITC) was claimed. It clarifies whether interest is payable on liabilities discharged through DRC-03, especially when ITC has been held in the credit ledger since that period. The consensus is that interest is applicable as per Section 50 of the CGST/SGST Act 2017.