Applicability of interest on short payment of tax in F.Y. 2017-18

This discussion addresses whether interest is applicable on short payments of tax for the financial year 2017-18, specifically when the tax was later paid using input tax credit. While some suggest interest is always applicable at 18%, others argue it might not be if paid via the credit ledger. The consensus leans towards interest being applicable, as the benefit of paying through the credit ledger is limited by law.