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If you filed late but did not pay interest on late tax, the officer will ask for it. Work it out and pay through DRC-03.
GST
Interest or late fee not paid noted in scrutiny
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Provisions
Sec 50, CGST Act 2017; Sec 47, CGST Act 2017; Instruction 02/2022-GST (22 March 2022)
Analysis
Instruction 02/2022-GST lists payment of interest under Sec 50 and late fee under Sec 47 as parameters. Interest is on the cash part of tax paid late. Example: tax of ₹70,000 paid 25 days late in cash; interest is about ₹863. Pay it through DRC-03 in cash.
Close
- List months where returns or tax were late.
- Calculate interest on the cash part.
- Check that late fee was paid on filing.
- Pay any shortfall through DRC-03.
- Show the working in the reply.
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