Answer

1. F

   Facts

   Interest under Sec 50 is self-assessed and payable in GSTR-3B Table 5.1. If you do not pay it, it can be demanded through DRC-01A or a notice. The monthly check should compute interest for any delay.

2. P

   Provisions and law

   • Sec 50(1), CGST Act 2017Interest at 18 percent a year on tax paid late, on the part paid in cash
   • Rule 88B, CGST Rules 2017How interest is computed on late cash payment and on wrongly utilised ITC
3. A

   Analysis

   If you filed GSTR-3B on the 26th with ₹1,00,000 paid in cash, interest for six days is about ₹296. Paying it in the next return avoids a notice. Keep a list of filing dates and cash paid so interest is easy to compute.

4. C

   Conclusion

   1. 1Note filing dates and cash paid for each return
   2. 2Compute interest on any late cash payment
   3. 3Pay it in Table 5.1 of the next GSTR-3B
   4. 4Keep the working with the return

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