Find
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.
GST
Self-check of interest on late 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 88B, CGST Rules 2017
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.
Close
- Note filing dates and cash paid for each return
- Compute interest on any late cash payment
- Pay it in Table 5.1 of the next GSTR-3B
- Keep the working with the return
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.