Interest on late paymentsm of tax

I have a RCM liabilitly pertaining to the month of October 2019 and I have received TDS credit f0r the month of April 2020. If I have to pay the RCM liability of October 2019, on 20June 2020, what will be the period for interest on late payment calculation?
Replies (4)
Quick Summary
This discussion addresses a query regarding the calculation period for interest on late payment of RCM (Reverse Charge Mechanism) liability. The user paid an October 2019 liability in June 2020 and received TDS credit in April 2020. Advice suggests waiting for official notifications as there's a possibility of an interest waiver. Clarification was sought on the aggregate turnover and the GSTR-3B filing month for the RCM liability.

Hlo, kindly wait for the official notification. There is a chance of interest waiver.
What is your aggregate turnover? and do u mean to say you will disclose rcm liability in GSTR-3b of May 2020 or in which month return it will be disclosed
Aggregate turnover exceeds 5crore and rcm liability is to be disclosed in GSTR-3b of april 2020.
Vani



questions or query need to be adressed properly....

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