INTEREST CALCULATION IN WHICH AMOUNT

Late filing GST Return applicable interst in which amount Gross Tax Amounts or Net Payable Tax Amounts.
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Quick Summary
This discussion addresses a common query regarding GST interest calculation: should it be applied to the gross tax amount or the net payable tax amount? While current understanding suggests it's on the gross amount, there's uncertainty as the effective date for amendments to Section 50 has not yet been notified by the government, leading to confusion for taxpayers.

Net taxable amount
Dear frd,
Gst interest is on gross tax amount still sec 50 amendment date of effect is not notified by the government .
Confused

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