intimation of liability under section 50 of MGST Act 2017

[Asked by Guest]

Hi,

we have received notice under section 50 saying interest on late payment of tax liability, in above situation we have late filled our GSTR-3B, but we had regulery made payment through electronic cash ledger. now dept has send notice with huge tax liability ( late payment).

Kindly guide us if any solution - Pradeep 9004932485

AI Summary

Interest on delayed GST payment: late GSTR-3B filing triggers interest and administrative recovery without separate show-cause notice.
Interest under Section 50 arises when GSTR-3B is filed late because tax is set off on the filing date, making payment late and attracting interest; GSTR-3B is self-assessed and taxpayers bear responsibility. The department issues notices and may recover interest without a separate show-cause notice under recovery provisions. Interest is currently calculated on gross tax liability, though statutory amendments to charge interest on net liability have been agreed and will operate prospectively from a notified date.