IGST interest

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17 Points Posted on 02 September 2024

Hello people,

I have only IGST liability and I have delayed in filling and payment of GSTR 3B

So the interest which i need to pay is IGST interest? or CGST SGST interest? (shared b/w central and state).

Thankyou

 

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On 02 September 2024 at 21:23 Report
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Quick Summary
If you have only IGST liability and have delayed filing and paying your GSTR 3B, the interest you owe is specifically IGST interest. This interest is calculated solely on your IGST liability, not on any separate CGST or SGST amounts. The standard rate for this interest on delayed payments is 18% per annum.

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ca
29 Points Posted on 03 September 2024
Igst interest only
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On 03 September 2024 at 13:02
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Accounts Manager
2070 Points Posted on 03 September 2024

Interest is calculated solely on the IGST liability, not on CGST or SGST.Interest on delayed payment is calculated at 18% per annum. 

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On 03 September 2024 at 14:07

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