Compliance Pack
Interest on late tax payment, Sec 50
- When GST is paid late you owe interest at 18 percent a year, but only on the part paid in cash, and money already sitting in your cash ledger from the due date is not counted.
- Deadline: Paid with the late return (GSTR-3B Table 5.1) or through DRC-03; runs until the tax is paid
- Done in 2 working days after ledgers and return history are shared
- Prepared by your Savvy, checked by a CA
- Filed GSTR-3B with filing dates
- Was the return late
- List each late or short-paid period with due date and payment date
- Period-wise interest working
Interest on late tax payment, Sec 50
Paid with the late return…
- IWhat we need from you5 documents
- DQuestions for you5 questions
- FForms4 steps
- DWhat you getPeriod-wise interest working
Answer in brief
When GST is paid late you owe interest at 18 percent a year, but only on the part paid in cash, and money already sitting in your cash ledger from the due date is not counted. We work out the correct interest period by period, check the portal's auto figure, and pay it so a notice does not follow.
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How we solve it: 4 steps
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Step 1 of 4 · What we need from you
Tap each one you already have
- Filed GSTR-3B with filing dates
- Electronic cash ledger statement
- Electronic credit ledger statement
- Tax liability by period
- Notices or intimations receivedOptional
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Pay and start
₹999
₹999 + ₹179.82 GST = ₹1,178.82
As needed. Delivered in 2 working days after ledgers and return history are shared. Due: Paid with the late return (GSTR-3B Table 5.1) or through DRC-03; runs until the tax is paid
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