Interest Calculation - Late Payment of GST

[Asked by Guest]

Sir,

We have not filed GSTR 3B Return for the month of October, 2017 due to tax fully not paid.

We have already done payment of ₹ 2,00,000 out of ₹ 3,25,000 GST Liability after avail of ITC.

My question is which amount taken for interest calculation for GST late payment ₹ 1,25,000 (325000 - 200000) or 3,25,000 (Rs. 2,00,000 balance in Electronic Cash Ledger) ?

Regards,

Jatin Kumar

AI Summary

Interest on GST late payment accrues on full tax liability until electronic ledger debit, irrespective of ledger deposits.
Interest on delayed GST payment is levied on the full tax liability from the due date until the amount is debited from the electronic cash or credit ledger; funds merely deposited in the ledger do not count as payment for interest calculation, and filing FORM GSTR-3B without a debit entry triggers interest though late fee may be avoided if the return was timely filed.