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how to calculate interst
how to calculate interst
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gst payment.....
Interest will be calculate on balance liability (net amount)...
Ex:
Outward - 1100
(-) Inputs - 1000
= Liability - 100 payable.
In case the payable amount Rs 100 not paid on or before 20th then we will pay Interest @ 18%p.a
Like
100 x 18% / 365 x No of delayed Days.
I think it's help you...!
Ex:
Outward - 1100
(-) Inputs - 1000
= Liability - 100 payable.
In case the payable amount Rs 100 not paid on or before 20th then we will pay Interest @ 18%p.a
Like
100 x 18% / 365 x No of delayed Days.
I think it's help you...!
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