Different interest in Cgst and Sgst
Jaimin Thakkar (33 Points)
27 February 2019Jaimin Thakkar (33 Points)
27 February 2019
Monica Titus
(20 Points)
Replied 14 May 2019
I have the same query. The only inference from this auto filling of figure is that the portal expects interest to be calculated on the gross liability instead of Net liability. Only when interest is calculated on the gross liability will the interest amounts of CGST and SGST be the same. There is a press release dated 22.12.2018 which says interest has to be calculated on net liability. However this is not what the portal accepts.
CA Haritha Komma
(Chartered Accountant)
(1147 Points)
Replied 14 May 2019
Yes. The press release is expected to be notified. But no notification is issued saying interest is payable on net liability.
Try once filing through offline utility..
debora M
(BUSINESS DEVELOPMENT MANAGER)
(1697 Points)
Replied 02 September 2020
No notification received yet regarding interest payable on net liability
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