Interest on GST Late Fees

423 views
User Avatar

18 Points Posted on 02 June 2023
I have received notice for recovery of Interest for F.Y. 2017-2018 in that interest is also shown on Late fees paid in GSTR 3b . Please I want to now whether Interest on GST Late fees is applicable or not.
0 Reply Share Follow
On 02 June 2023 at 15:20 Report
Replies (5)
Quick Summary
This discussion addresses whether interest can be charged on late fees paid for GST filings, specifically for the Financial Year 2017-2018. The consensus is that interest is generally not applicable to late fees themselves. However, interest may be levied on the delayed payment of actual tax liability if it was paid late, even if the GSTR-3B was filed late.

User Avatar

CA
10436 Points Posted on 02 June 2023
Pls check your inbox once. I'm leaving the details there.
Reply
On 02 June 2023 at 15:35
User Avatar

GST Consultant
15986 Points Posted on 02 June 2023
There is no interest on late fees
Reply
On 02 June 2023 at 17:14
User Avatar

GST Practitioner
55067 Points Posted on 03 June 2023
No ... no Interest is applicable on late fee.
Reply
On 03 June 2023 at 01:54
User Avatar

Profession
28261 Points Posted on 04 June 2023
Depending on the circumstances of thecase .
Reply
On 04 June 2023 at 15:53
User Avatar

M Com FCS LLB M-AIMA
14046 Points Posted on 05 June 2023

They are asking for interest on delayed payment of tax if output tax is paid out of cash ledger in any month of delayed filing of 3B.If not then no interest is payable

Reply
On 05 June 2023 at 15:15

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Gross total income
  2. Export Compliance
  3. Sale of plots in open land
  4. Income tax query
  5. Best CA Inter coaching in laxmi nagar
  6. HOW TO SELL SHARES OF PRIVATE LIMITED COMPANY SOME
  7. Unregistered Association of Persons (AOP) Agreemen
  8. Intimation u/s 245 of income tax act
  9. Ewaybill query
  10. IDS Refund: GSTR-2B Invoice Not Validated in State

More recent discussions | Post

Related Topics :

Loading