Question ID : 21172

Applicability of Interest on delayed payment of GST

Fact of the case
1. Original 03 Invoices raised in the month of March 2018 - Taxable Value Rs. 40000000 on CGST / SGST @ 2.5% -1000000 /1000000
2. Amended one invoice in the month of August 2018 of Rs. 400000 @ 18%
3. Raised Two Debit Note in month of September 2018 for renaming two invoices pertaining to 2017-18 for differential tax
Original Invoice Date
31/03/2018
31/03/2018
31/03/2018


Later in the month of August 2018 invoice No. 02 amended for correction in GST Rate
Amendment
Original Invoice Date
31/03/2018

in the month of September 2018 raised two debit note for Invoices pertaining to 2017-18 for differential Tax amount
Date of Dr Note
15/09/2018
15/09/2018

GST Paid in the month of March 2019 through credit ledger

Now GST Department demanding Interest on Rs. 52,00,000/- on amended invoice as well as debit note raised in next financial year ( 2018-19) from 20/04/2018 till date of deposit of Tax. Tax deposited thrugh credit ledger.
Credit ledger have balance in the month of March 2018 Rs. 10,00,000 & in the month of March 2019 45,00,000/-
Required Advice / Guidance
Applicability of Interest -
1. From April 2018 on 52.00,000/-
2. From August 2018 on 19,50,000/-
3. From September 2018 on 32,50,000/-
4. Whether Credit ledger Balance in the Month of March/ August / September & March 2019 is considered for charging Interest ?

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