interest on ITC Claimed u/s 50 of CGST Act 1961, Goods and Services Tax - GST

[kirankumar bonthalakoti]

Interest payable under Section 50 of CGST/SGST Act for delay in filing of GSTR-3B Returns

My Client received a notice for Interest payable under Section 50 of CGST/SGST Act for delay in filing of GSTR-3B Returns and in the notice they calculated Total Interest payable on ITC claimed and also on Tax Payable through Cash .

Is it correct that interest payable on ITC Claimed

Posts / Replies

[KASTURI SETHI]

For correct reply, post the contents of the notice received.

[Mahadev R]

Dear Kiran kumar, there are responses of experts on similar query recently which can be referred.