Anil, a trader registered under regular scheme, has opted to file returns of GSTR-1 and GSTR-3B on monthly basis. He has filed GSTR-3B for the month of May, 2023 within due date i.e., 20.06.2023. Anil noticed in July, 20

In case of delayed payment of tax, interest is payable @ 18% per annum from the date following the due date of payment to the actual date of payment of tax. However, interest is payable only on the short-paid tax which is paid through electronic cash ledger if the return under section 39 is furnished after the due date. (i) In the given case, Anil has furnished the return for May, 2023 before the due date. Hence, interest is payable on the entire amount of short payment of ₹ 20,000, as under: Due date for May GSTR-3B: 20th June, 2023 Payment date: 20th August, 2023 Number of days = 10 (June) + 31 (July) + 20 (August) = 61 days Interest = ₹ 20,000 * 18% * 61/365 = ₹ 601.64 or ₹ 602 (rounded off)