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Interest on GST, Goods and Services Tax - GST

Issue Id: - 115404
Dated: 8-9-2019
By:- Shyam Naik
Interest on GST

  • Contents

Tax deposited before due date. Return is files late.

Common Portal does not permit payment of tax from credit ledger or cash ledger. Its an automated process at the time of filing return.

Whether interest liability arises?

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Showing Replies 1 to 2 of 2 Records

1 Dated: 8-9-2019
By:- KASTURI SETHI

Tax must be credited into Govt. account. Tax deposited means it is lying in your Electronic Cash Ledger which is yours. Liability is required to be set off. Late fee also to be paid. Unless and until liability is set off, the portal will not allow you to file return. Interest for late payment of tax and late fee for late filing return both are required to be paid into Govt. account. Thereafter, portal will allow you to proceed.


2 Dated: 9-9-2019
By:- Himansu Sekhar

As per sec. 49, tax is paid when you file the return. Interest under sec. 50 is due because your cash ledger is debited when you filed the return


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