GST Under RCM, Goods and Services Tax - GST

[Niraj Kumar]

Hi...

We have a rental office. We deposit GST as per the rent agreement under RCM.

On 28th Feb, we paid rent to the house owner and missed depositing the GST.
Now we are paying the rental for March and depositing GST for two months. Will it cause any penalty on us?

Posts / Replies

[KASTURI SETHI]

Pay along with interest now.. No penalty is  leviable. See Section 73 (5), (6), (7) & (8) of CGST Act.

[Sadanand Bulbule]

Simple and effective reply Sir.

[Shilpi Jain]

Where tax is paid voluntarily there will not be any penalty. Just pay it along with interest calculated at 18% p.a.