Find
Under the fixed sum method, paying the system-generated amount on time means no interest for the first two months, even if actual tax was higher. Under self-assessment, interest applies on any short payment for the delay.
GST
Interest for QRMP taxpayers on monthly payments
Updated . Every paid answer is checked by a CA. Free AI answers are labelled until a CA verifies them.
Provisions
Sec 50(1), CGST Act 2017; Rule 87, CGST Rules 2017
Analysis
Under fixed sum, if the system asks for ₹35,000 and you pay it by the 25th, no interest arises for that month, even if actual tax is ₹40,000; the gap is paid in the quarterly 3B. Under self-assessment, short payment carries 18 percent interest from the 25th. Choose the method that suits your cash flow, but stay consistent within the quarter.
Close
- Choose fixed sum or self-assessment each month.
- Pay by the 25th of the next month.
- Under self-assessment, pay actual tax to avoid interest.
- Settle the balance in quarterly 3B.
Connect now
A Savvy replies in minutes.
Fixed price before you pay. Your Savvy is paid only after you accept the work.
General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.