Interest on late payment of GST

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..... Interest on late payment of GST
Query (Issue) Started By: - Kaustubh Karandikar Dated:- 3-12-2018 Last Reply Date:- 6-12-2018 Goods and Services Tax - GST
Got 4 Replies
GST
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..... e 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 &# .....

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..... 8377; 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/-? Reply By CASusheel Gupta: The Reply: S .....

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..... 77; 100/- ₹ 80/- lying in credit ledger are treated as unutilized till set off on filing of GSTR 3B Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: Interest is to be calculated on ₹ 100/ .....

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..... - Reply By KASTURI SETHI: The Reply: I support the views of both experts. Reply By YAGAY andSUN: The Reply: Interest would be charged on ₹ 100/-
Discussion Forum - Knowledge Sharing .....

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