GST INTREST

Rohit Pandey (LLB PERSUING) (186 Points)

29 June 2019

how to calculate GST INTREST ON LATE FILLING GST RETURN Return filling is 635 days late

so please help me

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Jigneshkumar Patel (GST Advisor) (161 Points)
Replied 29 June 2019

interest rate 18% on late payment of tax from the due date

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RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 29 June 2019

Calculate Interest to following way...
Ex :
say sales value Rs 1000
Tax value Rs. 180...
Then calculate interest as

= 180 x 18% / 365 x 635 days

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Rohit Pandey (LLB PERSUING) (186 Points)
Replied 29 June 2019

thank u sir

amount is 8656
by chalan how could i mention it cgst or sgst

RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 29 June 2019

Calculate interest as per above way to all GST head (CGST, SGST & IGST)

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