banner_ad

Interest calculation U/s 50 og Cgst Act

CGST 275 views 5 replies
Sir/Madam , from what date interest under section 50(1) of Cgst act @ 18% will be calculated?

Whether from the original due date of 3B for that month

or

Whether from extended due date, as in few cases CBIC has extended the due date.
Eg: During 2017-18, Cbic has extended the due date to 23rd or 25th of the next month to file 3B.

Kindly assist.
Thanks in advance.
Replies (5)

If due dates have been extended, the interest will be calculated from the extended due date till the date of actual filing. 

If due dates have been extended, the interest will be calculated from the extended due date till the date of actual filing. 

Calculate the period of delay from the date extended for the particular month. Because that becomes the due date automatically for future references. 

Yes... I agreed to Mr CS Abhishek Goyal's view...

@ Mr Phanendra.,

You can use the extended due date for the Interest and Late fee calculations...


Note :
The GSTR 3B Due date of FY 17-18 is 31st Mar-19...

Please check out the date...

The interest will be calculated from the extended due date


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details