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Calculation of interest on late payment of gst tax

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(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.
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RAJA P M

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RAJA P M (Expert)
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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Naveen Sharma

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Naveen Sharma (Querist)
28 September 2017 Thanks a lot Sir
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Naveen Sharma

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Naveen Sharma (Querist)
28 September 2017 Thanks a Lot sir
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Naveen Sharma

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Naveen Sharma (Querist)
28 September 2017 Thanks a Lot sir
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Naveen Sharma

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Naveen Sharma (Querist)
28 September 2017 Thanks a lot sir
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CA Mehta Ankur N.

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CA Mehta Ankur N. (Expert)
19 November 2017 Day to be start from Which date ? 20th of next month ?
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RAJA P M

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RAJA P M (Expert)
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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