Payment of interest on delayed filing of GSTR3B, Goods and Services Tax - GST

[b venkateswarlu]

My client XYZ limited not filed the GSTR-3B return for the month April 2021 and filed the return on 20th Oct 2021 and paid the dues on the same date.

Input credit available in the electronic credit ledger on as 01-04-2021- IGST ₹ 200000, CGST 25000, and SGST ₹ 25000.

Month- April

IGST liability- ₹ 5,00,000

CGST liability ₹ 8,00,000

SGST liability ₹ 8,00,000

April-IGST input credit eligibility as per purchase ledger ₹ 150000

April- CGST input credit eligibility as per purchase ledger ₹ 500000

April- SGST input credit eligibility as per purchase ledger ₹ 500000

Opening balance of input credit adjusted to liability

IGST ₹ 200000, CGST ₹ 25000, and SGST ₹ 25000

Net tax liability after adjusting opening input credit available

IGST ₹ 300000

CGST ₹ 775000

SGST ₹ 775000

Net liability after considering the eligible input credit available in books of accounts for the month of April not filed GSTR 3B and figured in electronic credit ledger

IGST ₹ 150000

CGST ₹ 225000

SGST ₹ 225000

My query is whether my client has to pay interest on net tax liability after adjusting the initial input credit available or after considering the accrual input credit in books of accounts not figured in the electronic ledger.

Whether my client has to pay interest for the period 21st May 2021 to 19th Oct 2021 on IGST ₹ 300000, CGST ₹ 775000, and SGST ₹ 775000

or on IGST ₹ 150000, CGST ₹ 225000, and SGST ₹ 225000 as my client did not file the GSTR-3B and input credit is available in my books of accounts not in electronic credit ledger

Posts / Replies

[Shilpi Jain]

Suggest that you simplify your query to get some answer... Instead of giving full details of I, C, S, etc.... give a query in such a way that the answer can enlighten you the principle which can then be applied to your factual situation.

[KASTURI SETHI]

I agree with Madam Shilpi Jain. More clarity as well as brevity is required in drafting the query.