Answer

1. F

   Facts

   Interest at 18 percent a year under Sec 50 applies on tax paid late. The portal has not shown a late fee field for CMP-08, and practitioners differ on whether Sec 47 late fee applies to it; check the latest position.

2. P

   Provisions and law

   • Sec 50(1), CGST Act 2017Interest is payable on tax paid late for the period of delay at the notified rate (18 percent a year); on a late return it is levied only on the portion paid in cash, except where proceedings under Sec 73, 74 or 74A have started.
   • Sec 47(1), CGST Act 2017Late fee of ₹100 per day under CGST (and an equal amount under SGST) up to ₹5,000 for late returns and statements, reduced by notification for many returns.
   • Rule 62, CGST Rules 2017A composition taxpayer files CMP-08 by the 18th of the month after each quarter and GSTR-4 by 30 June after the year (Notification 12/2024-CT).
3. A

   Analysis

   For ₹20,000 tax paid 30 days late, interest is about ₹296 (₹20,000 × 18 percent × 30/365). Enter the interest in CMP-08. Late fee for the year can arise in GSTR-4 if that is late. File the pending CMP-08 quickly, as delay also blocks e-way bills after two missed quarters.

4. C

   Conclusion

   1. 1Compute days of delay from the 18th.
   2. 2Calculate 18 percent interest on the tax.
   3. 3Enter interest in CMP-08 and pay in cash.
   4. 4File GSTR-4 on time to avoid annual late fee.

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.