Go AD-Free with CAclubindia Pro and Daily WhatsApp Updates. Subscribe Now!

Interest Liability

243 views

Save Share

devendra dilliwar

3 Points Posted on 16 July 2020

when client has paid challan timely before due date and GSTR 3b return is filed after due date, my question is that there is any interest liablity for late filling of GSTR 3B?

Replies (6)

Quick Summary

This discussion clarifies interest liability for late GSTR 3B filings in GST. Even if a challan is paid before the due date, interest will be charged if the GSTR 3B return is filed after the due date. This is because tax is only considered paid once the liability is offset in the return, not just when the cash ledger is funded.

Guest

Only late fine will be charged.

CA Rashmi B

Assistant Manager

787 Points Posted on 16 July 2020

Yes there will be interest if the return is filed after the due date even though the payment is made to cash ledger. This is because in GST untill we offset the liability it would not be considered as payment of tax.