GST late payment interest
vikram kerekar (1244 Points)
23 June 2018
gst late payment interest calculation monthly ya number of day...
5 Replies
Jatin
(Accountant)
(3479 Points)
Replied 23 June 2018
You can calculate GST late payment interest as per following way:
Due Date. 20.06.18
GST paid. 24.06.18
You are liable to pay interest from 21.06.18 to 24.06.18 (4 days)
Due Date. 20.06.18
GST paid. 24.06.18
You are liable to pay interest from 21.06.18 to 24.06.18 (4 days)
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 23 June 2018
Its per day ... 20/- & 50/-
20/- for nil return
50/- for return with data
20/- for nil return
50/- for return with data
Vinod Babu
(24196 Points)
Replied 24 June 2018
According to the GST Penalty regulations, an interest will be charged at the rate of 18 percent per annum from the taxpayers who fail to pay their taxes on time. The interest will be levied for the days after the due date.
For GSTR 3B returns late fee as following...
If Nil Return - Rs 20 per day (CGST Rs 10 and SGST Rs 10)
Other than Nil return Rs 50 per day (CGST Rs 25 and SGST Rs 25)
For GSTR 3B returns late fee as following...
If Nil Return - Rs 20 per day (CGST Rs 10 and SGST Rs 10)
Other than Nil return Rs 50 per day (CGST Rs 25 and SGST Rs 25)
VIJITH TK
(Accountant)
(92 Points)
Replied 20 September 2018
What is the maximum amount for late filling and payment fee?
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 21 September 2018
ITS MAXIMUM RS 10000/- (CGST -5000/- + SGST 5000/-)
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