Interest on late payment of gst

This query is : Open

Rohit Kaushik (Querist)
Follow

20 November 2018 Dear All,

If we are making late payment of GST then it is liable to interest @ 18% p.a.

can you pls clear the doubt, that on which amount such 18% be calculated:

whether on Net gst liablity after adjustment of Input GST credit or

on gross amount without deducting input credit.

pls clear urgently.

Regards,
Rohit Kaushik

CA Idris M K

CA Idris M K (Expert)
Follow

20 November 2018 An Outstanding GST liability in Electronic liability ledger to the extent not been sett off either by electronic credit ledger or by electronic cash ledger will be treated as an outstanding liability and shall attract interest.
Hence, interest shall be attracted on whole amount.

Note: this is my view, there might be a difference of opinion