For return for the month of May 18, system is showing due date as 31/03/19 and calculating interest from April 19 onwards. Should we calculate interest u/s 50 from April 19 or it has to be calculated from June'18.
Menu
Interest calculation for gst
Replies (3)
yes beacouse till 31st the late fees and interest were waved
Calculate Interest from 1st April 2019...
calculate from April 19 in case you have late payment of filling return and payment of Tax
or it's related to ITC then you have to calculate from the month from which have to reverse these ITC
or it's related to ITC then you have to calculate from the month from which have to reverse these ITC
Recent Topic
- Startup exit in Sept 2025: Can I still save LTCG t
- Need advice
- GST registration
- Tax Refund timeline
- Is Form 10E applicable for Notice Pay received in
- INCOME RECEIVED FROM COMPANY FOR ELECTRIC POLLS
- ITR Processing By CPC Now Super Fast - Much apprec
- Abroad Jobs
- Professional Income in 44AD
- Presumptive taxation
Related Topics
CAclubindia
