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RCM LATE PAYMENT

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37 Points Joined February 2018
Sir,
wrongly 21- 22 rcm liability not shown in Gstr-3B, now it shown in may-22.

My quary is interest applicable for late payment. Please suggest and where we found this in gst books

Thanks in advance
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On 09 June 2022 at 09:38 Report
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915 Points Joined July 2017
If u claimed itc on rcm sale of purchase by this time.The purchase invoices has already been accounted by u in timely.The payment has already been paid by u in government account with ur output tax liability. The interest will be levied on due payment made on rcm supply of goods.
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On 09 June 2022 at 21:48
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Chartered Accountant
86505 Points Joined April 2011
You have to pay GST interest on the late payment of RCM.
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On 16 June 2022 at 08:17

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