Home Forum Goods and Services Tax - GST Month 7 2019 2019 (7) This
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interest on gst liability - Goods and Services Tax - GSTExtract Dear Experts, We have some query regarding payment of interest against the tax liability as narrated below. CGST SGST OUT PUT 10,000 10,000 Less: Input available against IGST 5,000 - ------------- ------------ Net liability 5,000 10,000 As per the recent amendment we have to adjust the IGST input first to CGST if any surplus only then we can adjust against SGST. In the above scenario if i calculate the interest u/s 50 of GST Act and filing the return belatedly and while filling the challan, whatever the amount entering as interest in the cgst column the same is appearing in SGST also. whereas the interest should have to be paid on 5000/- 10000/- are CGST SGST respectively. Thanks in Advance.
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