Question ID : 38170

INTEREST U/S 50 OF CGST ACT

Dear Sir, One of our clients submit gstr 3B & 1 also by filling late fee.He files his returns late due to non receipt of purchase bills ,ledgers etc. Some Superintendent of Central Tax sent a mail that interest @ 18% will be charged due to non payment of tax in time. It is to be noted that client is having liability of CGST & SGST and used to set off against IGST liability due to enough balance in his IGST ITC a/c. Query : Is the contention of that officer correct ?? Pl guide us. Thanks in advance & with warm regards, CA Sudip Kumar Mukhopadhyay

posted by SUDIP KUMAR MUKHOPADHYAY on May 30 2019 12:00AM