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Gst sec 50

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kuldeep jha

M.COM CA.(FINAL.)

112 Points Posted on 03 May 2020

how to reply department notice u/s 50 interest on itc for delayed 3B return filing। I have only itc payment please reply draft copy ,thank you

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Quick Summary

This discussion provides guidance on how to respond to a GST department notice issued under Section 50 of the CGST Act, 2017. The notice typically concerns interest payable for delayed filing of the GSTR-3B return. It includes a draft reply format specifically for cases where the payment for interest is to be made using Input Tax Credit (ITC).

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To, The Superintendent Central GST and Central Excise Range _____________ Division_____________ __________Commissionerate City Dealer : _______________________ Address : ______________________ GSTN : _______________________ Subject: Your Notice for payment of Interest Reference: Your GST Notice No. __________ with DIN No: ______________ Dated Respected Sir, With reference to above captioned subject & reference, it may humbly be noted that we have been directed to pay to pay interest under section 50 of the CGST Act, 2017 for the period from _____________ to _____________ on the Gross Amount of Tax liability declared in the summary return in GSTR-3B. For ease of reference, the detail of the same is compiled as under: S.No Financial Year Interest on Cash payment Interest on payment through ITC Total