Interest@9%
This query is : Resolved
21 May 2020
As per notification,if turnover is more than 5 crore,and due date of filing gstr3b for mar,20 is 20.4.20.After 15 days w.e.f 20.4.20 interest @9% is leviable.If tax payable for mar,20 under cgst act is Rs.50,000 and under sgst act Rs.50,000.then interest@4.5% on Rs.50000 and 4.5% on Rs.50000 is leviable or 4.5% on Rs.100000 cgst and 4.5% on Rs.100000 sgst leviable?
21 May 2020
interest@9% on Rs.50000 cgst and 9% on Rs.50000 sgst is leviable
21 May 2020
No full rate @9% will be charged beyond 15 days.
CGST amount - 9% rate
SGST Amount - 9% rate
CGST amount - 9% rate
SGST Amount - 9% rate
22 May 2020
within 15 days from the due date, 9% interest will be leviable. if 15 days exceeds, then 18% interest will be leviable.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Cgst asmt - 10
- CAN a GSTIN registered under rule 14A opt for composition scheme without withdrawal from rule 14A ??
- E-Invoice applicability related question
- Reduce fine on my company
- Delisted shares
- PTEC-payment
- Journal entry of TDS operative a/c dr (under withdrawal side of bank a/c)
- REFUND OF TDS CLAIM
- Employee claim Expnese Invoices
- Rejection of the application for the registration of a society in Andhra Pradesh state
- RELATED TO ITR OF POLITICAL PARTY
- Fy 22-23 --> tyed more in gst 3b vs 2b, any interest?
- INCOME TAX QUERY FY25-26()\
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- GST ON PERSONAL MOTORCAR SOLD
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- B2B Amendment
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
