INTEREST ON LATE PAYMENT OF GST

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..... INTEREST ON LATE PAYMENT OF GST
Query (Issue) Started By: - Preeti Sharma Dated:- 22-12-2017 Last Reply Date:- 25-12-2017 Goods and Services Tax - GST
Got 4 Replies
GST
Hello Experts, W .....

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..... e paid GST For Oct Month on Nov 22 with late fee but did not pay interest on late payment. What are the consequences of non payment of interest on late payment of GST. Can we pay now that interest? If .....

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..... we pay now, then it shall be levied @ 18% p.a. for only 2 days? or more than that as there is a delay in paying Interest. Reply By KASTURI SETHI: The Reply: You can pay interest now. It has to be p .....

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..... aid may be even one day. Reply By Preeti Sharma: The Reply: We paid ₹ 83170/- tax for the m/o of Oct on Nov 22. Now after 1 month, if we pay Interest then it shall be levied only for 2 days. .....

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..... Right? Intt = 83170*18%*2/365= ₹ 82/- Am I right? Reply By CS SANJAY MALHOTRA: The Reply: Interest amount applicable for 2 days only and the same shall be debited and paid off in subsequen .....

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..... t month GSTR-3B return. Reply By Preeti Sharma: The Reply: Thanku Experts.
Discussion Forum - Knowledge Sharing .....

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