TMI BlogINTEREST COMPONENT IN GSTR-9 ANNUAL RETURNX X X X Extracts X X X X X X X X Extracts X X X X ..... How to calculate interest component liable on Pt.V of GSTR-9 if not earlier paid. Does interest is to be calculated from the date that is liable to pay to the date on which it is paid?. Interest on ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... late payment of tax is 18%, and the turnover we get under Pt.V are the amendments made in 2018-19 , it may be an excess or deficit of tax does interest is to be calculated @ 24% on it? does interest i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s to be calculated till payment of tax or till filing of GST return, as there might be a difference in the date of payment the date of filing. - Reply By KASTURI SETHI - The Reply = If interest i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s to be paid on one's own (self detection), rate of interest is 18%. If interest is to be paid on being pointed out by the Department (by way of letter or notice etc.), the rate of interest will ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... be 24 %. Period of interest is : from the date of liability to till the date of payment of tax and not date of filing return. - INTEREST COMPONENT IN GSTR-9 ANNUAL RETURN - Query Started By: - VEM ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ULA CHANDRASEKHAR Dated:- 11-6-2019 Goods and Services Tax - GST - Got 1 Reply - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanag ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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