Dear Experts
We have Deposit Rs 5,00,000/- as Gst Amount on dated 20/01/2018 in respect of December 2017 GSTR-3B and the same amount is credited in our cash ledger but we could not file our return on time, we filled the same on dated 20/03/2018 So you are requested to please suggest that we have to pay interest for two months or not.
plz suggest with sections
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Interest on Gst
Replies (4)
To pay
Yes, you have to pay interest for two months
Yes. you have pay intetest for two month 18%Pa(1.5% pm) under section 50 Cgst Act
As I understand, interest may not be applicable in this case (provided there is no further liability for the month after considering ₹5 lacs payment) because payment has been made within the due date. However, late fee in respect of delay in filing of return would be applicable.
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