GST interest rate on reversal of GST Input
This query is : Resolved
Quick Summary
CA Puja Sharma
(Expert)
29 June 2022
The rate of interest will be for wrongly availed and utilised ITC is 24%.
The same have been recently reduced by the GST council from 24% to 18% with retrospective effect. But the effective notification is yet to come
The same have been recently reduced by the GST council from 24% to 18% with retrospective effect. But the effective notification is yet to come
CA Puja Sharma
(Expert)
29 June 2022
The rate of interest will be for wrongly availed and utilised ITC is 24%.
The same have been recently reduced by the GST council from 24% to 18% with retrospective effect. But the effective notification is yet to come
The same have been recently reduced by the GST council from 24% to 18% with retrospective effect. But the effective notification is yet to come
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