Interest on gst payment
This query is : Resolved
18 June 2019
What is the rate of interest payable on gst on the liability determined in terms of GSTR 9C
for Short payment of GST
for reversal of GST Input Credit
For reversal of GST input credit in terms of turnover on which GST input credit is not available with annual turnover
Thanks in advance for reply
for Short payment of GST
for reversal of GST Input Credit
For reversal of GST input credit in terms of turnover on which GST input credit is not available with annual turnover
Thanks in advance for reply
19 June 2019
Rate of interest payable on GST Liabililty is
24% p.a if excess ITC Claimed or excess reduction in Output Tax
18% p.a in case , Tax paid after due date
24% p.a if excess ITC Claimed or excess reduction in Output Tax
18% p.a in case , Tax paid after due date
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