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GST Interest Calculation
Hi, we have GST liability of 2 Cr for the month of March'18, and till date we have not filled our return, my query is there were judgement earlier that as per GST portal you have to pay interest until you offset your liability. Please confirm if you have go through that judgement
Replies (4)
yes pankaj. you have to pay interest on full 2 cr till the fate you offset your liablity and file gstr3b return.
amresh kumar
amresh kumar
but please share me language/rule under which it's written so
Agree with Mr. Amresh Kumar, you are liable to pay interest on pending tax till offset your liability.
Please note, amount lying in cash ledger does not mean tax paid
Please note, amount lying in cash ledger does not mean tax paid
Hi pankaj,
Pl go through section 50 of the gst act.
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