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TMI BlogInterest Liability under GSTX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Friends, One of my client has paid the tax liability after setting of ITC from July to March,2018 under GST regime. However, due to some technical glitches, GSTR-3B and GSTR-1 was not filed. Now, my client has received a notice from the GST department for interest liability and even after giving explanation, they said the money lying in cash ledger, until the return filed and adjusted ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... against the liability from the cash credit ledger, the interest need to be paid. Please advice me, how to handle this matter. Also, please let me know any case laws supporting this issue. - Reply By KALLESHAMURTHY MURTHY - The Reply = Interest Liability under GST:- The query lacks certain information. It is said that GSTR-3B and GSTR- 1 were not filed. Then how and when the tax liabilit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y was paid setting off ITC. Money lying in the Cash Ledger doesn't mean payment of liability. It is just like an SB account in a Bank. If you have a loan account in that bank unless you paid or transferred out of the SB account, it won't be a credit to the loan account and for the said period interest will attract. So, your client is required to pay interest out of the cash ledger for any ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... delayed payment of tax. If GSTR-3B is not filed within the extended due date, your client lose ITC benefit u/s 16(4) . Hope you get the solution. Regards. - Reply By KASTURI SETHI - The Reply = Dear Querist, A case law which is in favour of the party is posted here. Pl. read word for word and those case which have been relied upon. 2023 (1) TMI 687 - CESTAT NEW DELHI - A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... FT TOBACCO PVT. LTD. Versus COMMISSIONER, CGST C. EX., NEW DELHI - Reply By vijay kumar - The Reply = How a debit is made without filing the return? Both are concurrent I suppose.. Even if you mean to say that cash was deposited or balance was there in cash ledger, unless it is debited return filed, it doesn't amount to payment of tax under the provisions. I think Department's vie ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... w is correct - Reply By Amit Agrawal - The Reply = What were technical glitches along-with evidence you have to support such claim why same were not resolved over 5 years now? - Reply By KASTURI SETHI - The Reply = The burden of proof for 'technical glitches' is cast upon the tax payer. Documentary evidence is required to get the relief. - Reply By Padmanathan Kollengode - The R ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eply = My understanding of the issue: 1. The assessee has only deposited the tax through challan in electronic cash ledger. 2. The assessee has not filed the Returns from July to Match 2018 That means, the ITC has not been reported and cash ledger has not been offset. The only remedy in my opinion is a writ petition. Pls consult an expert advocate in the said matter. - Reply By THYAGARAJAN ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... KALYANASUNDARAM - The Reply = Dear Friends, Thank you so much for your valuable reply. I am going to file writ petition before madras high court shortly. Please let me know if there is any development in other high courts. - Interest Liability under GST - Query Started By: - THYAGARAJAN KALYANASUNDARAM Dated:- 20-9-2023 Last Replied Date:- 22-9-2023 Goods and Services Tax - GST - Got 7 Rep ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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