Interest liability U/ Sec. 50 of CGST Act on RCM Purchase

All Questions › Category: GST Consultancy › Interest liability U/ Sec. 50 of CGST Act on RCM Purchase – on account of the delay in filing the GSTR-3B

CMA Abhay Kumar Sinha asked 4 years ago

Interest liability U/ Sec. 50 of CGST Act on RCM Purchase – on account of the delay in filing the GSTR-3B

For Interest calculation on cash payment, do we have to consider RCM payment also as a cash payment or not?

1 Answers

CA Venu Gopal Gella answered 4 years ago

Yes even the RCM paid late would attract interest