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

531 views
User Avatar

161 Points Posted on 18 November 2023
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
0 Reply Share Follow
On 18 November 2023 at 14:07 Report
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.

User Avatar

Profession
28271 Points Posted on 18 November 2023
Pls post excess calculation.
Reply
On 18 November 2023 at 14:17
User Avatar

"Do the Right Thing...!!!"
128162 Points Posted on 18 November 2023
Yes, 18% interest rate applicable. Calculate interest and pay through DRC 03.
Reply
On 18 November 2023 at 14:22
User Avatar

615 Points Posted on 19 November 2023
Your interest will be ₹14,000/- approx.
1 Reply
On 19 November 2023 at 19:18
User Avatar

161 Points Posted on 19 November 2023
Thank you sir
Reply
On 19 November 2023 at 22:18

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. APPLICABILITY AND BREAKDOWN OF GST COMPLIANCE ON S
  2. Advance for supply of goods
  3. Question for members: how do you manage client doc
  4. Clarification Required on Invoicing and Receipt of
  5. SEBI Registered VS NSDL Registered RTA
  6. Income tax or capital gain tax for Resident Indivi
  7. PCIT-1 Thane Email address
  8. CA Fees deduction for non audit case allowed?
  9. 5th Letter PAN Mismatch with Surname issues still
  10. Criteria to hire an article

More recent discussions | Post

Related Topics :

Loading