RCM LATE PAYMENT

This discussion addresses the applicability of interest on late payments for Reverse Charge Mechanism (RCM) liabilities that were incorrectly omitted from GSTR-3B in the 21-22 period and later declared in May 2022. The consensus is that interest is indeed applicable on the due payment of RCM supply of goods if not paid on time. Guidance is sought on where to find relevant provisions within GST literature.