How to calculate gst interest if there is a delay in filing monthly gst return?
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How to calculate GST Interest
Replies (5)
The period of interest shall be from the date following the due date of payment to the actual date of payment of tax.
Unfortunately, interest is being charged on gross tax liability @ 18%
So, (Gross tax liability x 18%)/365 x No. of days of delay
Hey, now just pay tax on net tax liability The amendment 2019 to sec 50 effective date will notify soon.
is it not calculated by gst portal automatically ?
It is not auto calculate, u have to calculate 18%
Shrikant Toshniwal Thank You!
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