Interest calculation......... .....

Dear sir or mam
I have claimed excess input of rs 14,500 in year June 2018. Could any calculate interest to be paid till date.
thank you
Replies (4)
Quick Summary
This discussion addresses how to calculate interest on excess input tax claimed. A user reported claiming an excess of £14,500 in June 2018 and sought assistance with the interest calculation. The consensus is that an 18% interest rate applies, and the estimated interest payable is approximately £14,000. Payment should be made via DRC 03.

Pls post excess calculation.
Yes, 18% interest rate applicable. Calculate interest and pay through DRC 03.
Your interest will be ₹14,000/- approx.
Thank you sir

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