Levy of interest on outstanding liability

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Mohan (Querist)
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14 October 2017 Dear experts, Kindly share your opinion on levy of interest for delayed payment of GST in following scenario: Output Liability : INR 50cr Input Credit availability: INR 37Cr Amount of input credit can not be set off against output liability till the time amount of INR 13Cr is paid in cash. Kindly share your views on which amount the interest shall be payable? Is it on entire amount of INR 50Cr or INR 13Cr? Regards, CA Mohan

RAJA P M

RAJA P M (Expert)
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14 October 2017 Liability amount : @ 13 cr.....
You ll be pay interest on 13cr...

Mohan

Mohan (Querist)
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14 October 2017 Thanks @ Raja P M

RAJA P M

RAJA P M (Expert)
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14 October 2017 You are welcome dear...

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