We have paid interest for late filing of GSTR-3B replying notice issued by department. It was before return for the next month was due. While filing the GSTR 3B for the next month, the system calculated the interest and paid.
how to get the excess interest paid refunded,
what could be the correct course of action in this situation in future.
regards
Claiming Refund for Excess Interest Paid on Late GSTR-3B Filing Under Rule 89 of CGST Rules When interest on late filing of GSTR-3B is paid twice, the excess amount can be claimed as a refund by following the procedure under Rule 89 of the CGST Rules and relevant CBIC circulars. If the excess interest paid is significant, a formal refund application should be filed. Alternatively, the excess amount can be adjusted against future interest payments. For future instances, it is advisable to verify interest calculations carefully before making payments to avoid duplication. (AI Summary)
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