Calculation of interest on late payment of gst tax
This query is : Open
Naveen Sharma
(Querist)
20 September 2017
Please let me know the calculation of how to calculate interest on late payment of gst tax..?? Per Day basis or Monthly Basis.
Message likes :
1 times
20 September 2017
Interest calculated in day wise. Also following way...
Payable Amount * 18% / 365 * No of days.....
this is 18% p.a....
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1 times
Naveen Sharma
(Querist)
28 September 2017
Thanks a lot Sir
Naveen Sharma
(Querist)
28 September 2017
Thanks a Lot sir
Naveen Sharma
(Querist)
28 September 2017
Thanks a Lot sir
Naveen Sharma
(Querist)
28 September 2017
Thanks a lot sir
CA Mehta Ankur N.
(Expert)
19 November 2017
Day to be start from Which date ? 20th of next month ?
Message likes :
1 times
19 November 2017
If payment due date is 20th of the next month* and we can't on or before 20th then we ll be pay interest from 21st of the month to payment made on the date...
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