https://www.taxtmi.com/article/detailed?id=12298 The article addresses whether interest is payable on delayed GSTR-3B filing when taxpayers have electronic ledger balances. It explains that Sections 39 and 49 and Rule 87 treat tax as payable before filing and deem the date of deposit to be the date Government accounts are credited; RBI aggregates collections and credited ECL amounts are available to Government. The Madras High Court in Eicher Motors held interest is not payable to the extent ECL amounts exist because the Government has beneficial use of credited funds, while potential counterarguments rely on Section 49(3) and Rule 61 treating final payment and interest liability as attaching upon filing. en-us Wed, 07 Feb 2024 10:06:17 +0530 Wed, 07 Feb 2024 10:06:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12298 The article addresses whether interest is payable on delayed GSTR-3B filing when taxpayers have electronic ledger balances. It explains that Sections 39 and 49 and Rule 87 treat tax as payable before filing and deem the date of deposit to be the date Government accounts are credited; RBI aggregates collections and credited ECL amounts are available to Government. The Madras High Court in Eicher Motors held interest is not payable to the extent ECL amounts exist because the Government has beneficial use of credited funds, while potential counterarguments rely on Section 49(3) and Rule 61 treating final payment and interest liability as attaching upon filing. Articles Goods and Services Tax - GST Wed, 07 Feb 2024 10:06:17 +0530 https://www.taxtmi.com/article/detailed?id=12298