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
2 Replies
CA Anoop Kumar Sharma
(Accounts Manager)
(2070 Points)
Replied 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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