IGST interest

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

 

Replies (2)
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.

Igst interest only

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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