Tax Management India. Com
                            Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Manuals SMS News Articles
Discussions Forum
Home Forum Goods and Services Tax - GST This
A Public Forum.
Anyone can participate to share knowledge.
We acknowledge the contributions of Experts/ Authors.

Submit new Issue / Query

← Previous Next →

Interest on late payment of GST, Goods and Services Tax - GST

Issue Id: - 114373
Dated: 3-12-2018
By:- Kaustubh Karandikar
Interest on late payment of GST

  • Contents

XYZ making late payment of monthly GST and therefore liable to pay Interest. E.g. if he is paying GST today and total GST payable is ₹ 100/- while today he has got balance of unutilized input tax credit of ₹ 80/-, therefore he will be paying ₹ 20/- in cash. As far as interest is concerned, he has to calculate on ₹ 100/- or only on ₹ 20/-?

Post Reply

Posts / Replies

Showing Replies 1 to 4 of 4 Records

1 Dated: 3-12-2018
By:- CASusheel Gupta

₹ 100/-

₹ 80/- lying in credit ledger are treated as unutilized till set off on filing of GSTR 3B

2 Dated: 4-12-2018

Interest is to be calculated on ₹ 100/-

3 Dated: 4-12-2018

I support the views of both experts.

4 Dated: 6-12-2018

Interest would be charged on ₹ 100/-


Post Reply

← Previous Next →
Discussion Forum
what is new what is new

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Blog || Site Map - Recent || Site Map ||