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GST Interest Calculation
Hi, we have GST liability of 2 Cr for the month of March'18, and till date we have not filled our return, my query is there were judgement earlier that as per GST portal you have to pay interest until you offset your liability. Please confirm if you have go through that judgement
Replies (1)
In GST 3B return interest is not calculated automatically. It is calculated by taxpayers...
You can / Only calculate your interest for the outstanding liability @ 18%p.a
You can / Only calculate your interest for the outstanding liability @ 18%p.a
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