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INTEREST ON DEBIT NOTE

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135 Points Joined April 2017
Dear sir
my client paid differntial GST by making debit in September 2021 GST Return. my doubt is whether we have to pay interest on that Differential GST amount.
is there any circular or notification regarding that..

Thank you
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On 08 December 2021 at 16:52 Report
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GST Consultant
15986 Points Joined March 2013
Since liability was short paid interest will be levied as per the provisions of the act. No circular or notification required. However there are instances where debit notes due to subsequent changes in contract. In these cases in my opinion interest will not be required to be paid.
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On 09 December 2021 at 02:09

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